Explanation:
The appraiser weighs all the information while comparing the value estimations to determine if it is valuable or useless. He will use the crucial details and ignore the rest. It is not average in nature.
Explanation:
Regarding these professional organizations, each of the three options is a true statement.
Explanation:
In general, the original subdivider will establish a variety of safeguarding covenants for purchasers of properties inside the subdivision. Due to the fact that there are too many of them to specify in each deed, he will compile a comprehensive list and record it; this is referred to as the declaration of restrictions.
Explanation:
The question's statement serves as a way to describe the income approach, which is used to determine the value of the income-producing property. Additionally known as the capitalization strategy.
Explanation:
The term "tenancy" refers to a way of retaining ownership.
Explanation:
When using the cost technique on an older construction, the original cost has little to no bearing on value.
Explanation:
Because the joint tenants retain title as though they together comprise one person, it is a single estate. Joint tenancy could be used to hold both real and private property.
Explanation:
Racial discrimination clauses in deeds are no longer legal, unenforceable, and would have no bearing whatsoever.
Explanation:
Liens include the concepts of judgment, attachment, and lien. An easement does not fall under this category because it is not a lien.
Explanation:
Anyone who is a joint tenant of a property is not permitted to leave any portion of their interest to another person.
Explanation:
Jackson is the title holder if the property is freehold. Any of the other options above will not result in the loss of his title to the estate; he still owns the freehold portion of it.
