National Real Estate Exam Quiz
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PROPERTY VALUE AND APPRAISAL
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A residential lot is zoned for single-family use but could be rezoned for commercial development. As a residence site, it's worth 100,000.Ascommercialproperty,itcouldbeworth100,000. As commercial property, it could be worth400,000. An appraiser must consider both possibilities. This analysis involves which principle of value?
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