Property Valuation
In South Dakota, which type of depreciation is generally considered incurable because the cost to fix it exceeds the resulting value increase?
ACurable physical deterioration (deferred maintenance)
BIncurable physical deterioration (long-lived items)✓ Correct
CCurable functional obsolescence
DCurable external obsolescence
Explanation
Incurable physical deterioration involves long-lived components (structural elements, foundations) where replacement cost exceeds the resulting increase in value. Curable items are those where repair adds more value than it costs.
Related South Dakota Property Valuation Questions
- In South Dakota, the 'gross income multiplier' (GIM) method of valuing commercial property differs from the 'gross rent multiplier' (GRM) in that:
- In South Dakota, the term 'insurable value' refers to:
- In South Dakota, an 'automated valuation model' (AVM) is best described as:
- In South Dakota, the 'income approach' to appraisal is most applicable to:
- South Dakota property taxes are based on 'assessed value.' When the county assessor increases assessed values, property owners who disagree may:
- In South Dakota, 'paired sales analysis' in appraisal is used to:
- In South Dakota, a comparative market analysis (CMA) prepared by a real estate agent for pricing a listing considers:
- A South Dakota appraiser makes adjustments in the sales comparison approach by:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →