Question: please answer question #3-6 thanks Question 4 (1 point) The determination of the highest and best use implies certain criteria should be met. Which is
Question 4 (1 point) The determination of the "highest and best use" implies certain criteria should be met. Which is NOT a requirement in the determination of the "highest and best use" for a specific property. That the calculation considers the impact of adjacent uses which may impact the financial future of the property. That the use being considered is legally permitted under the zoning bylaws That the current owner of the property may make improvements or repairs to the property sometime in the future That the financial return is the highest of all possible alternatives. That the calculation of highest and best use considers all possible scenarios including the removal of the existing building and/or structures Question 5 (1 point You are conducting an appraisal for a house located in East Providence. The house has the following attributes: lot size 14, 100 sq. ft.floor area 2375 sq.ft 4 bedrooms, 2 baths 2 car garage: appliances are original: year of construction 2016. In making this appraisal you plan to use a recent sale of a house {$485,000) that has the following attributes: Lot size 13,904sqft floor area above the basement 2445 sq.ft: 3 bedrooms: 1 office space (den): 2 full baths one half bath; 2 car garage: appliances were replaced in the last year and the year of construction was 1972. Which factor would be of greatest concern to the appraiser in this case? Number of garages lot size Number of bedrooms Size of the house Age of Appliances Age of the house number of bathrooms Question 61 point The market price for a property assumes that certain conditions are met. Which is NOT one of those assumptions? The real estate market is trending upward Competitive market Op maat Wings of buyers and sellers to engage in a transaction without external Innence knowledgeable seller Wowledgeable buyer Question 4 (1 point) The determination of the "highest and best use" implies certain criteria should be met. Which is NOT a requirement in the determination of the "highest and best use" for a specific property. That the calculation considers the impact of adjacent uses which may impact the financial future of the property. That the use being considered is legally permitted under the zoning bylaws That the current owner of the property may make improvements or repairs to the property sometime in the future That the financial return is the highest of all possible alternatives. That the calculation of highest and best use considers all possible scenarios including the removal of the existing building and/or structures Question 5 (1 point You are conducting an appraisal for a house located in East Providence. The house has the following attributes: lot size 14, 100 sq. ft.floor area 2375 sq.ft 4 bedrooms, 2 baths 2 car garage: appliances are original: year of construction 2016. In making this appraisal you plan to use a recent sale of a house {$485,000) that has the following attributes: Lot size 13,904sqft floor area above the basement 2445 sq.ft: 3 bedrooms: 1 office space (den): 2 full baths one half bath; 2 car garage: appliances were replaced in the last year and the year of construction was 1972. Which factor would be of greatest concern to the appraiser in this case? Number of garages lot size Number of bedrooms Size of the house Age of Appliances Age of the house number of bathrooms Question 61 point The market price for a property assumes that certain conditions are met. Which is NOT one of those assumptions? The real estate market is trending upward Competitive market Op maat Wings of buyers and sellers to engage in a transaction without external Innence knowledgeable seller Wowledgeable buyer
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