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Question # 37

The principle of “highest and best use” in real estate appraisal means:

Options:

A.

The property should be used in a way that maximizes its value

B.

The property must be used for residential purposes only

C.

The property should be held indefinitely regardless of market trends

D.

The property should be sold as soon as possible

Viewing question 37 out of 72 questions
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Real Estate Licensing Overview

Name Real Estate Licensing
Code Real Estate Licensing
Vendor Professional
Certification State Licensing Boards

Real Estate Licensing Questions