Property Valuation
In Missouri, 'functional obsolescence' in a home includes:
ANearby traffic noise
BOutdated or poor design features such as inadequate electrical, only one bathroom in a large home, or poor floor plan✓ Correct
CPaint fading due to sun exposure
DNeighborhood decline
Explanation
Functional obsolescence results from deficiencies or superadequacies within the property itself — not related to location or external factors. Examples include outdated kitchens, too few bathrooms, unusual floor plans, or obsolete mechanical systems.
Related Missouri Property Valuation Questions
- The 'principle of progression' in Missouri real estate appraisal suggests that:
- A Missouri appraiser adjusts a comparable sale for time because:
- A 'broker price opinion' (BPO) in Missouri is:
- In Missouri, economic life of an improvement refers to:
- A Missouri appraiser notes that a property in the St. Louis metro has 'curable deferred maintenance' of $8,000. This means:
- In Missouri, the 'income multiplier' method for quick commercial property valuation uses:
- The principle of contribution in Missouri appraisal states that:
- A Missouri appraiser's letter of engagement typically includes all of the following EXCEPT:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →