Valuation & Appraisal第 59 / 120 题
Market value is best defined as the:
a.Price the seller paid originally
b.Assessed value for taxes
c.Most probable price a property should bring in a competitive, open market
d.Replacement cost of improvements
解析
Market value is the most probable price a property should sell for under normal conditions, assuming a willing buyer and seller, adequate market exposure, and no undue pressure. It differs from cost and from assessed value. Appraisals typically seek to estimate market value.
免费刷完整 120 道题库 — 无需注册。
同考点相关题目
- The principle that value is maximized when properties in an area are reasonably similar in style and use is the principle of:
- A modest home located among larger, more expensive homes tends to be worth more because of the principle of:
- A large luxury home surrounded by smaller modest homes is worth less than it would be elsewhere because of the principle of:
- An investment property produces $60,000 in net operating income and the market capitalization rate is 8%. Using the income approach, its indicated value is:
- The value a county assessor places on property to compute property taxes is the:
- Combining two adjacent parcels to create a single, more valuable parcel is called assemblage, and the resulting increase in value is: