The highest and best use of an investment property is the use that
net operating income attributable to the land.
operating expense ratio.
Which of the following is an example of interim highest and best
An improved property is located in an area zoned R-1 and is being
used as a single family residence until a zoning variance change
can be obtained to convert the property to an apartment building.
A single family residence is near the end of its economic life and
is located on a site that is zoned for commercial use.
A single family residence has just been completed on a site that
is zoned for commercial use.
An appraiser projects a property's highest and best use before
physically inspecting the site.
A property that contains super-adequacies would be an example of
the law of:
Which of the following principles states that when several similar
houses are for sale at the same time, the one with the lowest
price attracts the greatest demand and widest interest?
In performing a highest and best use assignment, the appraiser
must do all but which of the following:
identify all of the alternative uses of the property
identify both the known and anticipated constraints to each
identify the resources actually or expected to be available to
all of the above are done in a highest and best use assignment