David Saks: November 2012

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 1929


A property lost some value because it was close to a county landfill site.

Ths is know as functionl obsolescence.

Is this fact true or false ?

Remember to take your time. The solution is posted below th wildlife photo.


A. False

When a property loses value because of some condition outside of, and nearby, the property this is know as external obsolescence.

This is a curable condition.

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Comment balloon 0 commentsDavid Saks • November 19 2012 07:16AM
Real Estate Practice : Lesson 1929
#1929 A property lost some value because it was close to a county landfill site. Ths is know as functionl obsolescence Is this fact true or false Remember to… more
Real Estate Practice : Lesson 1928
#1928 Most all sales comparison methods of appraisal are based on the assessed values of property as used for the purposes of establishing revenue for property taxes. Is this… more
Real Estate Practice : Lesson 1927
#1927 As a general rule, the appraiser will not use a sale as a comparable in his analysis unless the sale was considered to be an arm's length transaction Is this fact… more
Real Estate Practice : Lesson 1926
#1926 When an appraiser is considering the value of a residential property the most valid and important method of appraisal that the appraiser will use is called the replacement cost… more
Real Estate Practice : Lesson 1925
#1925 A low risk loan is one that doesn't have to have a downpayment rather than a low loan-to-value ratio. Is this fact true or false Please take your time. the solution is posted below… more
Real Estate Practice : Lesson 1924
#1924 Because drapes are so important when considering the treament of a window they are considered real property. Is this true or false Take your time on this tough… more
Real Estate Practice : Lesson 1923
#1923 A homeowner has without warning, and without knowing, constructed a fence in his backyard about 7 inches over the property line of his neighbor. This would be considered an… more
Real Estate Practice : Lesson 1922
#1922 A lender charged a borrower 6% for the loan plus 6 discount points The yield to the lender for the loan is 6. 25%. Is this fact true or false Take your time. The… more
Real Estate Practice : Lesson 1921
#1921 A broker's obligation to a customer includes the duties of full disclosure and obedience Is this fact true or false Please take your time. The solution is posted… more
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Thought you could use a good laugh. (notice the date's in the future, in keeping with Star Trek tradition) more