Property Valuation
A Mississippi buyer is purchasing a waterfront property on the Gulf Coast. The appraiser considers the property's view, water frontage, and beach access as:
AIrrelevant to the appraisal
BContributory value factors that must be supported by market data from comparable waterfront sales✓ Correct
CAutomatically valued at $50,000 each
DOnly relevant for insurance purposes
Explanation
Appraisers must support all value adjustments with market evidence. Waterfront features (view, frontage, beach access) are contributory value factors that must be quantified using paired sales analysis or other market data.
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