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Florida Real Estate Course
Chapter 17
Florida Real Estate Practice Question
"Market Value" is defined as:
Answer choices
A
The total cost to construct the property.
B
The amount a consumer actually paid for the property.
C
The most probable price a property should bring in a competitive and open market.
D
The value assigned by the tax assessor.
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Real Estate Appraisal: Value, Comparables and Three Approaches
All chapter guides
Why can construction cost, sale price, and market value all be different?
Does highest and best use simply mean whichever use earns the most money?