An eight-month-old sale and a recent sale are both verified competitive substitutes. Market analysis supports the adjustments needed for each. The older sale is more physically similar, while the recent sale needs larger physical adjustments. Which approach uses both relevant observations?

Market analysis confirms that seller financing at 3%, versus a 6% market rate, increased a comparable sale price. What adjustment removes that financing premium?

At the same effective date, reliable value indications support $800,000 for continued use of a property as improved and $500,000 for its cleared site. Immediate demolition costs $100,000. These are the only feasible alternatives, with no other costs or timing differences. Which alternative has the higher net value?

Other relevant conditions equal, growth in the number of households with effective purchasing power in a market tends to have which effect?

In a lakefront market, paired sales show that direct water frontage has the largest price effect of any feature. Which approach to comparable selection best follows from this evidence?

Which circumstance can cause highest and best use as improved to differ from highest and best use as though vacant?

A small group of buyers in a market looks for specialized features that are uncommon in the broader housing supply. What term describes this group?

A neighborhood analysis should include all of the following EXCEPT:

A site legally permits at most 40 units and can physically support 50. Supported comparable analyses find 30 and 40 units financially feasible, with 40 units producing the highest net land value after costs, timing and required return. Which use is maximally productive among these alternatives?

Market evidence isolates a subject value loss from off-site landfill odors. Which listed cause is an external-obsolescence influence?

Which proposed use cannot pass the legal-permissibility screen without evidence that the necessary permission is reasonably probable?