Highest and best use must satisfy four tests. Which sequence states them in the standard order of application?
Correct Answer
C) Legally permissible, physically possible, financially feasible, maximally productive
Why this is correct: The four tests for highest and best use are applied sequentially: 1) Legally permissible, 2) Physically possible, 3) Financially feasible, 4) Maximally productive. This order is logical because a use must pass each prior test to be considered for the next. Why the other choices are wrong: 'Maximally productive' cannot be first; productivity is assessed only after feasibility. 'Financially feasible' cannot be first; feasibility assumes physical and legal permissibility. 'Physically possible' cannot be first; legal permissibility is the primary filter. Exam tip: Memorize the sequence: Legal, Physical, Financial, Maximum.
Why This Is the Correct Answer
Why this is correct: The four tests for highest and best use are applied sequentially: 1) Legally permissible, 2) Physically possible, 3) Financially feasible, 4) Maximally productive. This order is logical because a use must pass each prior test to be considered for the next. Why the other choices are wrong: 'Maximally productive' cannot be first; productivity is assessed only after feasibility. 'Financially feasible' cannot be first; feasibility assumes physical and legal permissibility. 'Physically possible' cannot be first; legal permissibility is the primary filter. Exam tip: Memorize the sequence: Legal, Physical, Financial, Maximum.
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