Property Valuation
Functional obsolescence caused by a feature that the market no longer desires, such as small closets in a Louisville home, is an example of:
ACurable functional obsolescence
BIncurable functional obsolescence✓ Correct
CEconomic obsolescence
DPhysical deterioration
Explanation
When the cost to cure functional obsolescence exceeds the value it would add, it is considered incurable functional obsolescence, such as a poor floor plan that cannot be economically corrected.
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