In real estate appraisal, what does "highest and b...

Texas Real Estate Appraisal Practice Exam

Question Number 5

In real estate appraisal, what does "highest and best use" refer to?

The most profitable legal use of a property The use that maximizes current cash flow The market's perception of property value The intended use by the current owner

✔ Correct Answer:

The most profitable legal use of a property

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Texas Real Estate Appraisal Practice Exam

Question Number 5

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