RESIDENTIAL MARKET ANALYSIS AND HIGHEST & BEST USE FINAL EXAM QUESTIONS AND ANSWERS 100% COMPLETE VERIFIED SOLUTION 1. The appraiser must perform the necessary market analysis to obtain enough information to ___________________________. Complete the Sales Comparison Approach Fill out the URAR Make the highest and best use determination for the subject property. Educate the client: Make the highest and best use determination for the subject property. 2. A property with restaurants and retail shops on the lower level and apart ments on levels above is called a(n) ___________ property. Alternate-use Multi-Use Conclomerate Cooperative: Multi-Use 3. When the land value is subtracted from the sales price, the _______________________ is identified. Effective age of the improvements Depreciated value of the improvement Remaining economic life Age/Life Ratio: Depreciated value of the improvement 4. The ability of market participants to purchase a property is called
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