QUESTION 21

1. In the analysis of the highest and best use of land as though vacant, one important consideration is

   		The amount of the mortgage loan
   		The size and age of the improvements on the site
   		The zoning of the property and what that zone permits for development
   		The type of appraisal report requested by the client

1 points

QUESTION 22

1. The most complete form of ownership in real property, where the complete bundle of rights is owned, is called

   		The leasehold estate
   		The leased fee estate
   		The fee simple estate
   		The life estate

1 points

QUESTION 23

1. An appraiser developed an analysis of the supply and demand factors for all of the office space for rent in Bigville. This would be considered an example of

   		A marketability study
   		A market study
   		Economic base analysis
   		Market segmentation

1 points

QUESTION 24

1. One of the criteria for determining highest and best use is

   		Physical possibility
   		The sale price of the land is not too high to deter the use
   		The use is compliant with the owners planned use
   		The effect on community welfare