Property Valuation (alternative)
A 'before and after' appraisal in Maryland is used to determine:
AAnnual appreciation rate over time
BCompensation owed when a partial taking by eminent domain affects the remainder property✓ Correct
CWhether a property meets FHA standards
DThe cost of repairs needed before listing
Explanation
The before-and-after method is used in partial takings (eminent domain): the difference between the property's value before the taking and after the taking (considering the remainder's severance damages) determines just compensation.
Related Maryland Property Valuation (alternative) Questions
- The correlation (reconciliation) step in a Maryland appraisal involves:
- In Maryland, the principle of conformity holds that:
- External (economic) obsolescence in a Maryland property appraisal is:
- An appraiser in Maryland determining the highest and best use of a property would consider:
- Depreciation in a Maryland appraisal (cost approach) includes all of the following EXCEPT:
- The principle of progression in Maryland real estate means:
- A Maryland appraiser who is asked to appraise a property in which the appraiser has a financial interest must:
- Accrued depreciation in an appraisal refers to:
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