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Florida Real Estate Exam

Category - Florida

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The answers to which of the following questions would be of most benefit when trying to determine the amount of economic obsolescence suffered by a commercial property?

Is the rental schedule of the building equitably charged to the tenants?
Can a building be operated efficiently?
Are the tenants in the neighborhood prospering?
Should a fire escape be installed?

Explanation

Answer C - Economic or social obsolescence concerns factors of the surrounding properties within the same geographic area, such as: are the tenants prospering or is it a depressed area, etc.

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Florida Real Estate Exam

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