Question # 40

Which of the following best describes the principle of “highest and best use” in real estate appraisal?

Options:

A.

The property should be used for the purpose that provides the maximum value

B.

The property should be used exactly as it has historically been used

C.

The property must remain vacant until market conditions improve

D.

The property’s use is determined solely by zoning regulations

Viewing question 40 out of 72 questions
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