Land Use & Zoning
A 'highest and best use' analysis in real estate determines:
AThe use that generates the most real estate commission for the broker
BThe legally permissible, physically possible, financially feasible, and maximally productive use of a property✓ Correct
CThe use preferred by the current property owner
DThe use designated by the county assessor for tax purposes
Explanation
Highest and best use is the use that meets four criteria: legally permissible, physically possible, financially feasible, and maximally productive. It forms the basis for most appraisals.
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