Property Valuation
In a Louisiana appraisal, the 'neighborhood analysis' section examines factors that include:
AOnly the racial and ethnic composition of the area
BSupply and demand for real estate, property value trends, age of housing stock, proximity to amenities and employment✓ Correct
COnly the zoning classification of nearby parcels
DOnly recent sales prices of comparable properties
Explanation
A neighborhood analysis examines factors affecting property values in the area, including market trends, supply and demand, property value trends (increasing, stable, declining), housing stock characteristics, proximity to schools, employment, services, and any negative influences. Race and ethnicity are never considered.
Related Louisiana Property Valuation Questions
- What does 'as-is' value mean in a Louisiana appraisal?
- In Louisiana, the 'neighborhood boundaries' an appraiser uses are determined by:
- An appraiser is asked to provide a 'restricted use appraisal report' for a Louisiana client. This type of report:
- The principle of 'contribution' in real estate appraisal states that:
- The principle of 'contribution' in real estate valuation states that:
- A property is appraised at $280,000. The assessment ratio in the parish is 10%. What is the assessed value?
- An appraiser's 'reconciliation' in the appraisal report involves:
- An appraiser notes that a Louisiana home has a swimming pool that cost $35,000 to install but only adds $15,000 to market value. This demonstrates the principle of:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →