Question

2) of the major forces affecting value, which of the following is not one of them: a. Physical b. Mobile c. Economic d. Political 3) Marketability of Real Estate is based on supply and demand, substitution, competition, conformity, progression and regression, and a. Uniqueness b. Neighborhood C. Change d. None of the above 4) Highest and best use is generally defined as the exact probable and legal use, which is physically possible, appropriately supported, financially feasible and that results in the highest value a. True b. False 5) Each of the following are part of the highest and best use analysis except: a. Legally Permissible b. Locally Available c. Physically Possible d. The most productive

Answer 1

2.Of the factors affecting value , which one of the following is not one of them

(B)Mobile factors- While political,physical and economic factors are factors affecting value, Mobile factor is not mentioned .

3.Marketability of real estate is based on supply and demand, substitution, competition, comformity, progression and regression, and

  (A)Uniqueness- Uniqueness is highly important for a product to be marketable and popular.

4.Highest and best use is generally defined as the exact probable and legal use which is physically possible, appropriately supported, financially feasible and that reasults in highest value

(A)True

5.Each of the following are the part of the highest and best use analysis except:

(B)Locally available as legally permissible, physically possible, financially feasible,and maximum productivity are four factors.