Which of the following is NOT one of the tests an appraiser must make in the analysis of the highest and best use?

Study for the IAAO Assessment Administration Specialist (AAS) exam. Engage with flashcards and multiple choice questions, each offering hints and detailed explanations. Prepare thoroughly for your certification!

The correct answer is that "Quality feasible" is not one of the recognized tests in the analysis of highest and best use. The tests typically considered in this analysis are legal permissibility, financial feasibility, and maximally productive use of the property.

Legal permissibility assesses whether the intended use of the property complies with zoning laws, regulations, and other legal constraints. Financial feasibility examines whether the proposed use can generate enough income to justify the costs involved, ensuring that the investment is viable. Maximally productive refers to determining the use that will produce the highest value for the property, taking into account its physical characteristics and the surrounding market.

In contrast, "Quality feasible" is not a standard term used in this context. Instead, appraisers look for uses that are viable in terms of legal, financial, and productive aspects rather than a quality measure, which can be subjective and not clearly defined within the realm of highest and best use analysis. Understanding these concepts is crucial for appraisers to accurately assess properties and make sound evaluations.

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