Property Valuation
What is an impact study in real estate appraisal?
AA study of construction impacts on neighbors
BAn analysis measuring the value impact of a specific factor (highway, cell tower, airport) on nearby properties✓ Correct
CAn environmental impact assessment
DA traffic study for development approval
Explanation
An impact study analyzes and quantifies how a specific factor (proximity to a highway, power line, industrial use) affects nearby property values, using statistical analysis and paired sales to measure the impact.
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