The first thing an appraiser does when appraising vacant land is determine:
a. the fertility of the soil under the property.
b. zoning laws which affect the use of the property.
c. comparable sales prices of other vacant land.
d. the highest and best use of the land.
Answer: d. the highest and best use of the land.
You might also like to view...
As with investment decisions relating to equipment and/or a building, the ________ of an organization's human resource assets require a significant up-front investment on the part of an organization.
A. attraction and selection B. recruitment and training C. recruitment and advancement D. recruitment and development E. attraction and development
The metes and bounds description must contains which of the following?
A. A reference to a recorded plat of subdivision. B. A point from which the description begins and ends. C. A street address. D. A base line reference.