Valuation & AppraisalCâu 92 / 120
Depreciation in appraisal that results from outdated design or features, such as an obsolete floor plan, is called:
a.Physical deterioration
b.Functional obsolescence
c.External (economic) obsolescence
d.Accrued appreciation
Giải thích
Functional obsolescence is a loss in value caused by outdated or poorly designed features within the property, such as an awkward floor plan or too few bathrooms. It is one of three types of depreciation. It can sometimes be cured through remodeling.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The cost approach to value is often most appropriate for:
- In the income approach, the relationship used to convert net operating income into value is the:
- An appraisal is best described as:
- A loss in property value caused by negative factors outside the property, such as a nearby factory or declining neighborhood, is:
- The concept of 'highest and best use' refers to the use that is:
- An appraiser making adjustments in the sales comparison approach adjusts the:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với Florida Real Estate Sales Associate Licensing Exam · Quy trình kiểm tra