Property Valuation
A Wisconsin appraiser who encounters a property with a 'super-adequacy' (e.g., a $200,000 swimming pool in a neighborhood of $150,000 homes) should recognize:
AThe pool adds full value to the appraisal
BThe pool represents functional obsolescence (over-improvement) — the market will not pay dollar-for-dollar for the improvement✓ Correct
CThe pool should not be mentioned in the appraisal
DThe pool requires a separate appraisal
Explanation
A super-adequacy is a form of functional obsolescence — an over-improvement that costs more to install than the market value it adds; the appraiser must account for this loss in value.
Related Wisconsin Property Valuation Questions
- The principle of conformity in Wisconsin real estate states that:
- A Wisconsin broker preparing a BPO (Broker Price Opinion) should disclose that it is:
- Under the income approach, 'potential gross income' in Wisconsin refers to:
- A Wisconsin residential appraisal is required to include a neighborhood analysis because:
- The cost approach to value is most reliable for:
- A Wisconsin appraiser performing an appraisal for a federally related transaction must be:
- Wisconsin's 'assessed value' for property tax purposes is determined by:
- Wisconsin's Lake Geneva resort real estate market is characterized by:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →