Property Valuation (alternative)
A Maryland appraiser notes that the subject property has a 'superadequacy.' This means the property has:
AExceptional energy efficiency
BA feature that exceeds market standards and whose cost is not fully recovered in market value✓ Correct
CExtremely low accrued depreciation
DAn above-average condition rating
Explanation
A superadequacy is an improvement that exceeds what the market will pay for — e.g.
Related Maryland Property Valuation (alternative) Questions
- In Maryland, the income capitalization approach values property by:
- An appraiser in Maryland determining the highest and best use of a property would consider:
- External (economic) obsolescence in a Maryland property appraisal is:
- For a Maryland property near the Washington DC suburbs with high demand, a 'market rent' analysis would use:
- A Maryland appraiser uses three comparable sales to value a property. After adjustments, the indicated values are $310,000, $315,000, and $320,000. The appraiser's final estimate of value is likely:
- An appraiser using the cost approach for a new Maryland home that is exactly like the subject just built next door would likely give:
- A Maryland investor uses a 'discounted cash flow' (DCF) analysis for a commercial property. The DCF analysis:
- In Maryland, the term 'as-improved' value in an appraisal means:
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