Valuation and Analysis, 14% of the examination
External obsolescence
Loss in value caused by something outside the property lines, always incurable.
See also
See it in a question
One question from Valuation and Analysis, so the term lands in the context the exam uses it in.
Valuation and Analysis ยท 14%Methods of Estimating Value
An appraiser values a 40-year-old single-family home in an established neighbourhood with many recent sales. Which approach carries the most weight?
Written to DRE's published topic list. Not a real examination question, since reproducing those is a misdemeanour under B&P Code section 123.
Where this is tested
Property Valuation and Financial AnalysisThree short sub-topics carrying fourteen percent, and most of the arithmetic on the exam. The three approaches to value, and the income analysis that turns a rent roll into a number.14%Practise Valuation and Analysis28 questions on this area, every option explained.Practice