Property Valuation
In Ohio, the principle of 'anticipation' states that value is influenced by:
AHistorical sales data for the past five years
BThe expectation of future benefits to be derived from the property✓ Correct
CThe current condition of improvements on the property
DThe seller's emotional attachment to the property
Explanation
The principle of anticipation holds that value is created by the expectation of future benefits — income, appreciation, utility — that the property will provide to its owner.
Related Ohio Property Valuation Questions
- In Ohio, which type of commercial property is most commonly valued using the sales comparison approach in a market with sufficient sales activity?
- In Ohio, which of the following factors does NOT affect property value?
- In Ohio, what does an appraiser do during the 'scope of work' determination?
- What is the principle of substitution in real estate appraisal?
- In Ohio, a 'hypothetical condition' in an appraisal is when the appraiser:
- An Ohio appraiser makes a '+$5,000' adjustment to a comparable sale. This means the comparable:
- What is the difference between market value and market price?
- A property's annual NOI is $42,000 and similar properties are selling at a 7% cap rate. What is the estimated value?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →