Question

An appraiser has been employed to estimate the market value of a parcel of vacant land. The resulting appraisal report would NOT included reference to

a. the highest and best use of the parcel

b. the listed price of the parcel

c. the most probable price the parcel will bring

d. the physical dimensions of the parcel

Answer 1

An appraisal report for a parcel of vacant land would not include the physical dimensions of the parcel.

Step-by-step explanation:

The answer is d. the physical dimensions of the parcel.

An appraisal report for a parcel of vacant land would typically include information about the highest and best use of the parcel, the most probable price the parcel will bring, and any other relevant information that might affect its market value. However, it would not include the physical dimensions of the parcel. The dimensions of the land may be important in determining the acreage or calculating the size of the parcel, but it would not be mentioned in the appraisal report itself.

For example, if the highest and best use of the land is determined to be the construction of a commercial building, the appraisal report would focus on factors such as the demand for commercial property in the area, the potential rental income, and the profitability of the project. The physical dimensions of the land may be useful in determining the size of the building that can be constructed, but it would not be the primary focus of the appraisal report.