hard · National Real Estate Exam valuation
During a transaction review led by Quinn Diaz, the following issue arises: A proposed use would produce high income but is prohibited by zoning and no change is reasonably probable.
How should the licensee handle the situation?
- It qualifies if the owner personally prefers it.
- An illegal use cannot be the property's highest and best use.
- It qualifies whenever construction costs are low.
- It is highest and best use because it produces the most income.
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