When valuing a property with a 'view easement' granted to a neighboring lot, the appraiser should:
Why B. Analyze the easement's impact on the burdened property's value (negative) and potentially the benefitted property's value (positive) Is Correct
Answer B: B. Analyze the easement's impact on the burdened property's value (negative) and potentially the benefitted property's value (positive)
Exam Tip: Property Valuation
Valuation questions focus on the three approaches to value: sales comparison, cost, and income. Know which approach is best for which property type. The income approach uses cap rate and NOI — memorize these formulas.
Key Property Valuation Terms in This Question
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Key Terms to Know
A non-possessory right to use another person's land for a specific purpose.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
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