Vocab And Definition

Private Limitation of Rights

Name five values an appraisal may address

Name four uses of an appraisal

Name the Four Agents of Production

Attributes of Land (there are 5)

What Factors influence Land Use decisions-Physical, Legal, Economic and Social

Define an easement

Differentiate between private and public ownership

What are the four agents of production (wealth)?

What are the required Factors of Value (there are four)

Price, Cost and Value

Anticipation and Change

Depreciation

Kinds of Depreciation

Substitution

Balance

Principal of Contribution

Interim Use

Positive and Negative Externalities

Valuation Process

Three Approaches to Value

Steps in an appraisal-Identify, Determine, Do-explain

Highest and Best Use

Reconciliation

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