Fundamentals

Question 1

An estimate of value, of an adequately described property, as of a given date is termed an

Answer 1

appraisal

Question 2

This principle states that maximum value of a neighborhood is attained when the uses of land are perfectly complementary.

Answer 2

balance

Question 3

Which appraisal principle affirms that land cannot be valued on the basis of one use while improvements are valued on the basis of another use?

Answer 3

consistent use