Property Valuation
A 'before and after' appraisal method is commonly used in:
ASales comparison adjustments
BEminent domain (partial taking) cases to measure just compensation✓ Correct
CCalculating accrued depreciation in the cost approach
DEstimating renovation costs
Explanation
In partial takings under eminent domain, just compensation is often measured using the 'before and after' method: the difference between the value of the entire property before the taking and the value of the remaining property after the taking.
Related Arkansas Property Valuation Questions
- The term 'as improved' in an appraisal refers to:
- The income approach to value estimates property value based on:
- A property's assessed value for tax purposes is determined by:
- A broker price opinion (BPO) differs from an appraisal in that a BPO:
- The cost approach to value is most reliable for:
- A leased fee interest represents:
- In the sales comparison approach, the appraiser should give the most weight to:
- If a home in a neighborhood of $200,000 houses is improved with a $100,000 addition, its value will likely:
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