Property Valuation
What is a going concern value in real estate?
AThe value of property assumed to appreciate
BThe value of a business operating on real estate, including the real property, personal property, and intangible business value✓ Correct
CThe property's value assuming it continues generating income
DA real estate company's portfolio value
Explanation
Going concern value includes real property, personal property, and intangible business value (goodwill, trained staff, etc.) together as a functioning operating entity. Appraisers must often separate real property value from business value in appraisals.
Related Ohio Property Valuation Questions
- An Ohio appraiser determines a comparable sale involved seller financing at below-market rates, making the price higher than it would have been with typical financing. The appraiser should:
- In Ohio, what does an appraiser do during the 'scope of work' determination?
- Under Ohio appraisal standards, an appraiser's certification of value means the appraiser:
- In Ohio, which of the following is NOT typically included in the gross living area (GLA) of a residential property?
- In Ohio, which principle states that value is created and maintained when property uses conform to existing neighborhood patterns?
- Under Ohio appraisal law, an 'appraisal review' is defined as:
- Which of the following properties would be MOST difficult to appraise using the sales comparison approach in Ohio?
- If an Ohio property's NOI is $50,000 and it sells at a 6.25% cap rate, what is the sale price?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →