Property Valuation
In real estate appraisal, 'highest and best use' must satisfy which criteria?
AA. Most profitable use that is legally permissible, physically possible, and financially feasible✓ Correct
BB. The current use of the property
CC. The use the owner prefers
DD. The zoned use only
Explanation
Highest and best use is the reasonably probable use that is (1) legally permissible, (2) physically possible, (3) financially feasible, and (4) maximally productive. It must satisfy all four criteria.
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