Property Valuation
The principle of 'highest and best use' in real estate appraisal requires that the use be:
AThe most profitable single use regardless of zoning
BPhysically possible, legally permissible, financially feasible, and maximally productive✓ Correct
CThe use the owner currently intends
DAny use that generates income
Explanation
Highest and best use is the use that is: (1) physically possible given the site's characteristics, (2) legally permissible under zoning and other regulations, (3) financially feasible, and (4) maximally productive — generating the highest value for the land.
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