Environmental
Electromagnetic fields (EMFs) from high-voltage power lines affecting a Minnesota property represent which type of obsolescence in appraisal terms?
APhysical deterioration
BExternal obsolescence✓ Correct
CFunctional obsolescence
DStructural obsolescence
Explanation
High-voltage power lines represent an external factor outside the property that may negatively affect its value and marketability. This is external (economic) obsolescence—a form of depreciation caused by conditions external to the property over which the owner has no control. External obsolescence is generally incurable.
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