If a site is not being used as its highest and best, then surrounding property is also experiencing diminished __ benefit.
__ expense is the amount of money needed to directly produce income.
__ use projects may include any combination of housing, office, retail, medical, recreational, commercial or industrial components.
The rent that current tenants are paying is called __ rent.
Common reasons for obtaining an appraisal would be for an insurance policy, eminent domain and __.
It’s generally agreed upon that the most significant influence on real estate conditions is due to what is happening __.
The point at which income minus expenses equals zero is the __ point.
Taxing authorities will require that the land be appraised separately from __.
The closer a __ site is to a large customer base, the higher the appraisal will be.
The Principle of __ operates under the premise that future benefits will affect the value of the property both now and going forward.
The ability or inability to access the property is key when evaluating a property, especially in a rural or farm setting. The appraiser will want to know if the property is __.
__ land is land that is part of the site being appraised, that is more than what is necessary for the site’s highest and best use.
Homes within a neighborhood will likely have an age within __ years of each other.
Verticales
__ Mae requires that an appraiser be competent in the scope and scale of an appraisal before accepting the assignment.
__ life is the time period in which an improvement will likely remain standing.
__ supply in the real estate cycle is where supply exceeds demand.
High voltage power lines, mold and __ are environmental factors that can affect the value of a site.
Production costs associated with builders include the cost of materials, __and financing.
__ price is the price actually paid.
Most real estate professionals will encounter appraisals and appraisers for the purpose of __ a property when a contract has been executed.
__ influence is an influencer on value that describes zoning, building codes and property taxes.
A historic church would most likely use the __ cost method.
Typically, locations on a __ street will result in a lower value.
__ is an example of a direct cost.
The person who rents from another is the __, or tenant.
Ideally, the appraiser wants to locate comparable properties that have sold in the last _ months.
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