The objective of appraisal is to:
A) Establish the highest possible price that a property can sell for
B) Establish the most probable price that would be paid for a property under competitive market conditions
C) Establish the market value for a property's land without any structures (such as a house)
D) Establish the market value for a property if the property is put to its highest and best use
Correct Answer:
Verified
Q25: When considering the federal income tax treatment
Q26: The subject property of an appraisal has
Q27: Which of the following would NOT result
Q28: When calculating taxes,the difference between the acquisition
Q29: The capitalization effect:
A)Is one of the major
Q31: An appraisal usually contains three approaches to
Q32: A home sales transaction in which the
Q33: Which of the following is NOT a
Q34: A region has a location quotient of
Q35: A property is purchased for $200,000 with
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