Principles of Real EstateCâu 16 / 100
In real estate valuation, the term 'situs' refers to:
a.A type of mortgage
b.The soil composition of a lot
c.The chain of title
d.The preference or economic attractiveness of a location
Giải thích
Situs is the economic attractiveness of a location, reflecting people's preference for one area over another. It is one reason location so strongly influences value. Because land is immobile, its situs cannot be moved, only the surrounding conditions can change.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The gradual increase of land along a shoreline caused by the deposit of soil is called:
- Which type of depreciation is generally considered incurable?
- A private limitation placed in a deed that controls how an owner may use their property is known as a:
- Which of the following is a physical characteristic of land?
- A life estate is an ownership interest that:
- Riparian rights refer to a landowner's rights concerning:
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