Principles of Real EstateCâu 10 / 100
The principle that a property's maximum value is achieved when it is used in the way that produces the greatest return is called:
a.Highest and best use
b.Substitution
c.Regression
d.Contribution
Giải thích
Highest and best use is the legally permissible, physically possible, financially feasible, and maximally productive use of a site. Appraisers analyze it because value is tied to the most profitable reasonable use. Substitution, regression, and contribution are other valuation principles.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A form of co-ownership that includes the right of survivorship is:
- Which of the following describes an encumbrance on real property?
- A physical feature of a property that reduces its value, such as an outdated floor plan, is an example of:
- Under the principle of substitution, a buyer will pay no more for a property than:
- A metes and bounds legal description relies on:
- The gradual increase of land along a shoreline caused by the deposit of soil is called:
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