Property Valuation
Which of the following would an Arizona appraiser classify as 'long-lived' physical deterioration?
AWorn carpet that needs replacement
BDeteriorating foundation settlement affecting structural integrity✓ Correct
CFaded exterior paint
DOutdated kitchen appliances
Explanation
Long-lived (or incurable) physical deterioration involves components with a remaining physical life equal to or longer than the building's remaining economic life, making repair not economically justified—such as major structural deterioration.
Related Arizona Property Valuation Questions
- An Arizona appraiser who finds that the subject property has superior lot size compared to a comparable sale will make a(n):
- In Arizona, the URAR form used for residential appraisals requires the appraiser to report the 'neighborhood' based on:
- An Arizona commercial appraiser determines that a property is NOT at its highest and best use because current zoning restricts a more profitable use. The appraiser should:
- An Arizona appraiser who discovers that a property's listed square footage significantly overstates actual measurements should:
- In Arizona's competitive real estate market, when multiple comparable sales exist, an appraiser should give the greatest weight to:
- Market value in Arizona real estate appraisal is most accurately defined as:
- In Arizona, a property appraiser finds that the subject property has a 3-car garage while all comparables have 2-car garages. If the market shows a 2-car garage adds $8,000 in value over a 1-car, the appraiser would make:
- In Arizona, when comparable sales are limited, an appraiser may use 'expanded geographic area' searches. This means the appraiser:
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →