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Questions and Answers
What does real estate appraisal aim to do?
What does real estate appraisal aim to do?
- Predict future market trends in real estate
- Assess the potential risks of real estate investments
- Estimate the current value of a property (correct)
- Determine the number of properties in a particular area
In real estate, what does 'High and Best Use' refer to?
In real estate, what does 'High and Best Use' refer to?
- The legal restrictions on property usage
- The historical significance of a property
- The most profitable potential use of a property (correct)
- The physical height of a building
What is one factor that can affect the value of land?
What is one factor that can affect the value of land?
- Classification of the land (correct)
- Presence of labor and capital in the area
- Color of the land
- Distance from the equator
What does a land title serve as proof of?
What does a land title serve as proof of?
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How does a machine contribute to business resources according to the text?
How does a machine contribute to business resources according to the text?
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