Deck 6: Property Inspection and Analysis: the Site

Question 1

The most important reason for inspecting and analyzing the site is to gather information for estimating its highest and best use.

Answer 1

True

Question 2

As in a condominium, the site in a planned unit development is a defined block of airspace, plus an undivided interest in the land.

Answer 2

False

Question 3

A key lot is one that is the most important one on the block.

Answer 3

False

Question 4

The gross area of a site is just as important as the useful area.

Question 5

Appraisal standards require the appraiser to consider and analyze the sales history of the subject property.

Question 6

Plottage value is always created when adjacent parcels are combined into one ownership.

Question 7

Sidewalks and curbs are considered to be off-site improvements.

Question 8

A non-conforming use could represent a legal problem to be noted in an appraisal.

Question 9

The highest and best use must always be one that is legal under the present zoning laws, even if a zoning change is anticipated.

Question 10

Deed restrictions are examples of public restrictions on the use of land.