General Appraiser Market Analysis and Highest & Best Use
The essential relationships between market analysis, highest and best use, the three approaches to value, and the final value opinion are covered in this AQB-approved course. You'll recognize that market analysis is integral to highest and best use, and that highest and best use is integral to market value. You'll also learn how to produce credible results in appraisal to develop opinions of market value.
Identify the relationship between appraisal and market analysis. Identify the purposes for and steps in analyzing the highest and best use of a site as though vacant and of a property as improved. Differentiate between inferred and fundamental methods of market analysis. Identify differences between market analysis Levels A, B, C, and D and identify the guidelines for determining the level of market analysis for an assignment. Recognize and apply the six basic steps in conducting a site-specific marketability analysis for a valuation assignment.