Valuation & Appraisal第 94 / 120 题
The concept of 'highest and best use' refers to the use that is:
a.Whatever the current owner personally prefers
b.Always the most expensive possible structure
c.Determined solely by the listing agent
d.Legally permissible, physically possible, financially feasible, and maximally productive
解析
Highest and best use is the reasonably probable use that is legally permissible, physically possible, financially feasible, and produces the highest value. Appraisers analyze it to value land and improvements properly. It may differ from the property's current use.
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