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Florida Real Estate Exam

Category - Florida

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Certain factors to be considered in evaluating business property are given special names by appraisers. The name given to the factor which affords the advantage of display area and entrances on two streets is called:

Pedestrian court
Corner influence
100% location
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Explanation

Answer: B. Estimating the value of a property located at the intersection of two streets could be influenced by the fact that the merchant would be afforded more window display area and entrance from either street. This is called 'corner influence'.

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Florida Real Estate Exam

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