Question

QUESTION 17

1. A client asks an appraiser to prepare an opinion of market value for a property without having access to the interior of the building. This appraiser

   		Cannot accept the assignment because it is unethical
   		Must adjust his/her fee accordingly
   		Must inform the client that an interior inspection of the building is mandatory.
   		Can accept the assignment and disclose the agreed upon level of inspection in the report under scope of work

1 points   

QUESTION 18

1. An appraiser is analyzing a vacant parcel of land that is zoned for general business. This zoning classification allows for almost any business enterprise, including some industrial uses. The appraiser believes the following values per acre are accurate:
   

   Possible Use	Market Value per Acre
   Industrial	$200,000
   Office	$240,000
   Retail	$325,000

   
     
           If there was no other information available, what is the highest and best us of the property?

   		Industrial
   		Office
   		Retail
   		Residential

1 points   

QUESTION 19

1. The factor of value that is the basis of demand and states that the less plentiful an item is the more value it will have is?

   		Desire
   		Purchasing Power
   		Utility
   		Scarcity

1 points   

QUESTION 20

1. Which of the following is an example of a municipal land use regulation?

   		A lease document signed by the owner and lessee
   		A city zoning ordinance
   		A city ordinance regulating automobile speed limits on the adjacent street
   		A federal law focused on employment contracts

Answer 1

Must inform client the client that interior inspection of building is mandatory because we can decide upon life of building upon inspection and value of building can be decided after inspection what material is used in building.

Highest and best use of property is for retail business having higher value 325000 also future of retail is also bright in short and long term

Purchasing power is basis of demand if you have money then you can think of anything to purchase .

Scarcity is more than properties have more value

City Zoning ordinance is example of municipal land use regulations by this use of land is restricted by municipal corporations.