Valuation & AppraisalCâu 93 / 120
A loss in property value caused by negative factors outside the property, such as a nearby factory or declining neighborhood, is:
a.Functional obsolescence
b.Physical deterioration
c.External (economic) obsolescence
d.Curable depreciation
Giải thích
External or economic obsolescence is a loss in value caused by factors outside the property boundaries, such as adverse neighborhood conditions or nearby nuisances. Because the owner cannot control off-site factors, this type of depreciation is generally incurable. It contrasts with functional obsolescence, which stems from the property itself.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- In the income approach, the relationship used to convert net operating income into value is the:
- An appraisal is best described as:
- Depreciation in appraisal that results from outdated design or features, such as an obsolete floor plan, is called:
- The concept of 'highest and best use' refers to the use that is:
- An appraiser making adjustments in the sales comparison approach adjusts the:
- The principle of 'conformity' in appraisal suggests that a property's maximum value is generally realized when:
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