Principle of Highest and Best Use: What is it? Real estate license exam questions.

The principle of highest and best use is one of the many appraisal principles appraisers use to determine fair market value for a property. This video discusses highest and best use, its criteria, real estate appraisal, and what you need to know come exam day. Here are the chapters for this video, feel free to jump around accordingly: 0:00 Introduction 0:22 Principle of Highest and Best Use Definition 1:28 Principle of Highest and Best Use Example 2:40 Four Considerations to Determine Highest and Best Use 3:01 Contribution and the Real Estate Industry 4:38 What Do You Need to Know for the Exam? #realestate #realestateexam #realestatelicense -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=-