Property Valuation
Highest and best use analysis considers which four criteria?
ALegal permissibility, physical possibility, financial feasibility, and maximum productivity✓ Correct
BZoning compliance, market demand, seller motivation, and tax impact
CLocation, condition, size, and age
DAppraisal cost, time to value, market data, and buyer preference
Explanation
Highest and best use is the reasonably probable use that is legally permissible, physically possible, financially feasible, and maximally productive (yields the highest value). All four criteria must be met simultaneously for a use to qualify as highest and best use.
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