13-25A Review Appraiser Considers Several Important Elements of the Appraisal

question 1

Multiple Choice

13-25.A review appraiser considers several important elements of the appraisal including:

• A) the physical characteristics of the subject property
• B) the neighborhood of the property
• C) present and alternative land uses
• D) all of the above
• E) none of the above

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Definitions:

Deposits

Money placed into a financial institution for safekeeping, which may earn interest over time.

Investment Plan

A financial strategy designed to help individuals allocate their capital towards investment vehicles with the aim of generating future profits.

Present Value

The present value of an anticipated amount of money or sequence of financial inflows, discounted by a particular return rate.

Payments

Amounts of money that are paid or due to be paid by one party to another for goods provided, services rendered, or debt obligations.