Florida Real Estate Exam

Category - Florida

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

  1. The neighborhood
  2. Commercial property
  3. Industrial property
  4. 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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