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Which one of these examples can be classified as external depreciation
Market value is best defined as:
John builds a large six-bedroom house with a pool, private gym, and bowling alley in a neighborhood of small two-bedroom houses. Which principal is most likely to affect the value of John’s house
What term is used by appraisers to estimate the physical condition of a building
When finding the value of a property using the income approach, an appraiser would ______ if the NOI and the cap rate were known.
Which of the following best describes the value created by the expectation of some events?:
_____ is taken into account when attempting to find the most probable value for a property in a competitive and open market.
One requirement of the _____ is that the value of the land must be calculated separatley from the value of the improvements.
Depreciation:
The sales comparison approach would be best to use when estimating the value of:
Which of the following would MOST likely affect the value of a large four-bedroom house with a private gym that was built in a neighborhood filled with small two-bedroom houses.
Which of the following would a real estate professional use to determine the market value of a property?:
______ is an example of functional obsolense.
Which of the following would a real estate professional use to determine the market value of a property?:
Income, tax benefits, use, and _____ are the primary benefits that contribute to real estate value.