The Objective of Appraisal Is To

question 4

Multiple Choice

The objective of appraisal is to:

• A)Establish the highest possible price that a property can sell for
• B)Establish the most probable price that would be paid for property under competitive market conditions
• C)Establish the market value for a property's land without any structures such as a house
• D)Establish the market value for a property if the property is put to its highest and best use

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Definitions:

Vermont

A state located in the northeastern region of the United States, known for its natural landscapes and outdoor activities.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing essential rights and freedoms to American citizens.

Due Process

A fundamental principle that ensures fair treatment through the judicial system, including the right to a fair trial.

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