Question
5. To qualify as the highest and best use, the use must result in: a. church ownership. b. the highest present value. c. the most
5. To qualify as the highest and best use, the use must result in:
a. church ownership.
b. the highest present value.
c. the most attractive property on the block.
d. none of the above.
6. The principle of anticipation states that the value of property is affected by the:
a. potential future benefits of ownership.
b. buyers enthusiasm.
c. stock market.
d. all of the above.
7. A use that is legally nonconforming is allowed to continue even though what laws have changed?
a. Liquor
b. Tax
c. Zoning
d. None of the above
8. The principle of consistent use states that:
a. both land and improvements must be appraised for the same use.
b. the property must have been consistently occupied since construction.
c. the use of the property must be consistent with the builders original intention.
d. all of the above.
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