Property Valuation
A 'going-concern value' appraisal is used for:
ASingle-family homes with no income
BOperating businesses where the real estate, personal property, and business enterprise value must all be considered✓ Correct
CGovernment-owned land only
DAgricultural properties only
Explanation
Going-concern value applies to operating businesses (hotels, restaurants, car washes) where the value of the real estate cannot be easily separated from the operating business, equipment, and goodwill.
Related New Jersey Property Valuation Questions
- The cost approach to value would be most reliable for which type of property?
- An appraisal of a NJ waterfront property in Monmouth County would most heavily weight which approach?
- A 'drive-by' or exterior-only appraisal (Form 2055) in NJ is typically used for:
- A property has a net operating income of $48,000 and is valued at $600,000. What is the cap rate?
- Depreciation in the cost approach is measured as:
- Functional obsolescence in property valuation refers to:
- In New Jersey's active suburban real estate market, which valuation approach is most commonly used for single-family residential appraisals?
- When a NJ appraiser uses the 'age-life method' to estimate depreciation in the cost approach, they calculate depreciation as:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →