Property Valuation
The principle of 'highest and best use' is defined as the use that is:
ACurrently the most profitable use
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe use preferred by adjacent property owners
DThe use the owner intends for the property
Explanation
Highest and best use is the reasonably probable use that is legally permissible, physically possible, financially feasible, and that results in the highest present value (maximally productive).
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