Property Valuation
The principle of 'anticipation' in Oklahoma real estate appraisal means value is:
ABased solely on historical sales prices
BInfluenced by expected future benefits — investors and buyers pay today based on what they anticipate the property will generate or be worth in the future✓ Correct
CSet by current construction costs only
DDetermined by the state assessor's office
Explanation
The principle of anticipation states that present value reflects expected future benefits. An income property's value reflects anticipated future income streams.
Related Oklahoma Property Valuation Questions
- An Oklahoma appraisal performed using the 'as-is' market value standard reflects:
- Principles of value state that value is created by the interaction of supply and demand. Which principle holds that value is influenced by what a prudent buyer would pay for a similar property?
- The principle of conformity in real estate value states that:
- External obsolescence in Oklahoma might be caused by:
- An Oklahoma appraiser valuing a property in a transitional neighborhood — one changing from industrial to residential — must address:
- When using the sales comparison approach, an appraiser finds a comparable that sold for $300,000. The comparable has a 2-car garage worth $10,000 but the subject property does not. The appraiser should:
- Plottage (assemblage) value in Oklahoma refers to:
- In Oklahoma's rural areas, the land residual technique for valuing agricultural land separates:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →