Appraisal || Questions with correctly answered questions.

Which of the following is not a criterion for highest and best use? Marginally productive Financially feasible Legally permissible Physically possible correct answers marginally productive A mortgage lien is an example of a lien that is: specific and involuntary general and involuntary general and voluntary specific and voluntary correct answers specific and voluntary Smith and Jones are neighbors. There is an easement across Jones's property to provide access to Smith's parcel. If Jones sells his property to Brown, Smith: may continue to use the easement without interruption, regardless of the sale must negotiate a new easement agreement with Brown must notify Brown of the existence of the easement may continue to use the easement unless Brown objects correct answers may continue to use the easement without interruption, regardless of the sale According to the principle of substitution: all other factors being equal, a buyer will choose the less expensive of two comparable properties lots of the same size in the same neighborhood are equivalent in value All of the above appraisers should substitute the sales prices of comparable properties for the value of the subject property correct answers all other factors being equal, a buyer will choose the less expensive of two comparable properties Which of the following pairs of terms mean the same thing? Scope of work and use of the appraisal Valuation date and effective date Valuation date and appraisal date Purpose of the appraisal and use of the appraisal correct answers Valuation date and effective date A possessory estate that includes title to the real estate is a/an: tenancy estate freehold estate easement estate leasehold estate correct answers freehold estate An example of a social force that could affect real estate values is: