ValuationAppraisal_principlesHARD
Highest and best use means the use that is:
Correct Answer
B) Legally permissible, physically possible, financially feasible, and maximally productive
Highest and best use is a foundational appraisal principle identifying the use that meets four tests: legal, physical, financial, and maximum productivity.
Answer Options
A
Currently in placeB
Legally permissible, physically possible, financially feasible, and maximally productiveC
The cheapest to buildD
The most popular in the areaWhy This Is the Correct Answer
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Background Knowledge for Valuation
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Related Topics & Key Terms
Related Topics:
appraisal-foundationszoning-impact
Key Terms:
H&BULPFMfour testsmaximally productive
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