Property Valuation
In Nevada's Las Vegas market, what external obsolescence might affect a residential property's value?
AOutdated kitchen appliances
BProximity to a newly built casino resort with heavy traffic✓ Correct
CAge of the roof
DLack of a swimming pool
Explanation
External obsolescence (also called economic obsolescence) is caused by factors outside the property, such as proximity to a high-traffic casino resort. This type of depreciation is incurable by the property owner.
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