Barney Fletcher Exam 2 | Questions with 100% Correct Answers | Verified | Latest Update 2024

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution - B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection - B. title insurance policy Which of the following statements is true of a private deed restriction? A. it is imposed by an individual on other people through a contract or deed B. it is put on a property by an owner to reduce tax liability C. it applies only to crops on agricultural property D. it is imposed by the city restricting the use on the property - A. it is imposed by an individual on other people through a contract or deed