Property Valuation
When appraising a property in the Outer Banks near the NC coast, an appraiser would consider 'functional utility' which includes:
AThe property's beach access and flood zone classification✓ Correct
BThe owner's furnishing preferences
CThe broker's asking price
DComparable property prices in Charlotte
Explanation
Functional utility includes the property's ability to serve its intended purpose efficiently. For coastal NC properties, factors like beach access, flood zone classification (FEMA zones), CAMA jurisdiction, and elevation are all relevant functional considerations affecting utility and value.
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