Property Valuation
External obsolescence affecting a Rhode Island coastal property would include:
AAn outdated kitchen design
BA cracked foundation
CRising sea levels threatening the property's long-term viability✓ Correct
DA roof that needs replacement
Explanation
External obsolescence is caused by factors outside the property itself. Rising sea levels and climate-related risks threatening coastal Rhode Island properties are examples of external obsolescence.
Related Rhode Island Property Valuation Questions
- What is a 'going concern value' appraisal in Rhode Island?
- When appraising a Providence multi-family investment property, which approach to value would the appraiser most heavily weight?
- What is the 'principle of conformity' in Rhode Island real estate?
- What is 'mass appraisal' and how is it used by Rhode Island municipalities?
- What is a 'desk review' appraisal in Rhode Island?
- Highest and best use analysis in Rhode Island appraisal determines the use that is:
- What is 'scarcity' as a principle of value in Rhode Island real estate?
- What is 'retroactive appraisal' and when is it used in Rhode Island?
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →