Property Valuation
In Rhode Island, what is the 'subject property' in an appraisal?
AThe appraiser's personal property
BThe specific property being appraised✓ Correct
CThe comparable sales used in the analysis
DAny property in the same zoning district
Explanation
The 'subject property' is the specific property being appraised—the property for which the appraiser is developing a value opinion.
Related Rhode Island Property Valuation Questions
- An appraiser determines that a Providence property has a functional obsolescence due to an outdated bathroom layout. This type of depreciation is caused by:
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- What is 'gross rent multiplier' (GRM) as used in Rhode Island investment property valuation?
- A comparable property sold 8 months ago. The market has appreciated 1% per month since that sale. The comparable's adjusted price for market conditions (time adjustment) should be:
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