Property Valuation
Which of the following BEST describes 'functional utility' of a building in Ohio appraisal?
AWhether the building generates positive cash flow
BThe building's ability to meet the needs of its users given current market standards✓ Correct
CWhether the building has passed all required inspections
DThe cost per square foot to maintain the building
Explanation
Functional utility refers to how well the building serves its intended use in light of current market expectations — including layout, design, features, and the absence of functional deficiencies or superadequacies.
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