As of today’s valuation effective date, an appraiser knows a property is residentially zoned. The analysis is expressly requested as if commercial rezoning had already occurred today. What kind of assignment condition does that premise describe?
Correct Answer
C) A hypothetical condition because it contradicts a known fact as of the effective date.
The premise contradicts known zoning as of the stated effective date and is therefore a hypothetical condition. Possible future approval does not turn a known present fact into uncertainty; identifying the condition does not alone establish that its use is appropriate.
Why This Is the Correct Answer
The premise contradicts known zoning as of the stated effective date and is therefore a hypothetical condition. Possible future approval does not turn a known present fact into uncertainty; identifying the condition does not alone establish that its use is appropriate.
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