ValuationAppraisal PrinciplesMEDIUM
Highest and best use considers:
Correct Answer
B) Legally permissible, physically possible, financially feasible, maximally productive
Highest and best use is a foundational appraisal principle defined by four tests: the use must be legally permissible, physically possible, financially feasible, and maximally productive. All four criteria must be met for a use to qualify as highest and best use.
Answer Options
A
Current use onlyB
Legally permissible, physically possible, financially feasible, maximally productiveC
Cheapest useD
Most popular useWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
appraisal
Key Terms:
H&BU
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