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Florida Real Estate Exam

Category - Florida

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When the appraiser is concerned with equilibrium and decline of value in her appraisal, she most likely would apply this to:

The neighborhood
Commercial property
Industrial property
Agricultural property

Explanation

Answer A - When an appraiser is concerned with equilibrium and decline of value, she is concerned about the neighborhood, whether it be residential, commercial, industrial or agricultural. The surrounding area is what she would be considering.

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