Property Valuation
A Virginia appraiser who discovers the property is in an area with high demand for short-term rentals (like Airbnb) should:
AIgnore this as irrelevant
BConsider this as a potential use affecting value if legally permissible and reflected in the market✓ Correct
CAutomatically apply a 20% premium
DReport the property owner to local authorities
Explanation
Short-term rental income potential can affect value if the use is legally permissible under local zoning and the market recognizes this potential. The appraiser must determine if this represents a typical buyer motivation.
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