Property Valuation
The 'extra' value created by a corner lot compared to interior lots is called:
AA premium adjustment
BPlottage
CCorner influence✓ Correct
DLocation increment
Explanation
Corner influence (or corner benefit) refers to the additional value a corner lot commands compared to interior lots due to greater exposure, accessibility, and visibility.
Related Georgia Property Valuation Questions
- A property that would sell for more in pieces than as a whole exhibits:
- In the income approach, 'contract rent' refers to:
- The 'principle of regression' in real estate valuation holds that:
- In an appraisal, a comparable sale that is superior to the subject property requires the appraiser to:
- A Georgia appraiser is valuing a neighborhood convenience store. Which approach to value is most likely to be primary?
- A 'retrospective appraisal' values a property:
- In a declining real estate market, an appraiser would likely apply:
- The 'economic life' of a building in appraisal is defined as:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →