Practice Quiz

Florida Real Estate Exam

Category - Florida

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In valuing a single family home, the appraiser discovered an assessment lien for $4,000 for sewer and street improvement bonds.  The appraiser located several recent sales of similar residences for $60,000 each, none of which had the assessment lien.  The indicated selling price for the subject property would be:

  1. $56,000
  2. $60,000
  3. $64,000
  4. None of the above
Explanation
Answer B - The probable selling price would be $60,000, since in most cases the seller would retire the assessment lien from the proceeds of the sale.

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