As Part of the Data Analysis Step in the Appraisal

question 3

Multiple Choice

As part of the data analysis step in the appraisal process, it is necessary to consider the highest and best use of the property in question. In regards to determining highest and best use, all of the following statements are true EXCEPT:

• A) The proposed property use must be legally permissible
• B) It must be physically possible for the property to be used in the manner specified.
• C) No financial limits are considered when determining the property's best use.
• D) The property use must provide the greatest benefit to the owner.

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Definitions:

Limbs

The appendages of the human body that include the arms, legs, hands, and feet, used for movement and manipulation.

Torso

The central part of the human body to which the head, arms, and legs are attached; it includes the chest, back, and abdomen.

Ears

Organs of hearing and balance in humans and other vertebrates, responsible for detecting sound waves and converting them into signals that can be processed by the brain.

Feet

The lower extremity of the leg below the ankle, on which a person stands or walks.