0
Utility can be classsified as "what its use is" or what it is used for or functions as. For instance a property can be "residential or commerical". Owner occupied or non-owner occupied.. etc..... The highest and best use of the property usually brings a higher value on an appraisal verses a property being used for a lesser "utility"....Like a commercial building being used for a primary residence would not be as good as a commerical building being used as a beauty salon or other type of business. So the "utility" of a "dairy farm" ....would be dairy.. if a property is used for other than what it was built for it can have "functional obsolence" which could have an impact on its value.
Add your answer:
Earn +20 pts
How long is real estate course in Texas?
The fastest way to finish your real estate course is through online real estate schools. Texas Real Estate Commission (TREC) requires 210 hours of real estate education for you to be a licensed real estate agent. If you have college credit then all you need is 150 hours of real estate education. I have attached some useful reference that you can check out if you want to pursue a career in real estate.
What is the Interrelationship between utility and best use?
Property utility and highest and best use are both concepts in real estate and property valuation, and they are interconnected in the sense that the highest and best use of a property is closely related to its usefulness or satisfaction that a property provides to its owner or user.
Does Cuba have real estate agents?
Yes, there are real estate agents in Cuba. But purchasing or selling real estate in Cuba can be complicated due to the rules and procedures involved. Contact Remaxstar Estate Agents Ilford at estateagentsilford.co.uk for assistance with real estate transactions in Ilford, United Kingdom.
When was GMAC Real Estate created?
GMAC Real Estate was created in 1998.
Do you have any real estate courses?
No. Answers.com does not offer real estate courses.
What are the example of possession utility?
Car buyers offer loans to buyers. real estate brokers.
What are the other examples of Possession Utility?
Car buyers offer loans to buyers. Real estate brokers.
Is real estate a real asset?
Yes. A real asset is one that is physically identifiable and has intrinsic value because of its utility such as gold, land, minerals or equipment.
Is it legal for real estate agent to look up your utility information without your consent?
If that information is public the answer is yes.
What is eleavail utility?
Eleavail utility is a domestic water supplier. Once can frequently see mention of Eleavail utility when seeking a new property to buy via a wide range of real estate agencies such as Remax and Realtor.
What has the author Ernie Jowsey written?
Ernie Jowsey has written: 'Real estate economics' -- subject(s): Real estate development, Residential real estate, Commercial real estate, Real estate investment, Real estate business
What does a real estate accountant do?
A real estate accountant takes care of financial records, does taxes, looks at property investments, tracks money coming in and going out, and makes sure everything follows tax rules for real estate deals and businesses.
Where can one get real estate views?
One can get real estate views from the following websites: "Real Estate View", "The Star", "Real Estate One", "Homes and Land", "Real Estate Book", "Realtor" to name a few.
What is NIREM?
NIREM is the short form of IDS National Institute of Real Estate Management which is a management institute. It offers educational programs and courses in different areas of real estate such as real estate management, real estate marketing, real estate sales, real estate finance, real estate investment, real estate appraisal etc at the levels of PG Diploma and Diploma. It also offers certificate in real estate management. Apart from the above, NIREM also conducts management development programs in real estate. probably the first institute in India that offers real estate education.
Do you have to pass a real estate test in Virginia to sale realestate in Virginia?
If you want to deal with real estate business you must have real estate license. In order to get real estate license you need to pass a real estate exam in Virginia. You need to complete minimum 60 hours in the principles of real estate. You must have to pass the state & national portions of the real estate exams. You need to know all the fundamentals & real estate laws. After getting you real estate license you can join any commercial real estate firm or property management company to deal with commercial real estate property or residential real estate property. All the Best. www.flaglerdev.com
Where can one find Scottsdale Arizona real estate?
One can find Scottsdale, Arizona real estate from real estate agents in Arizona and online real estate agents with search capabilities. some real estate agents are Trulia, Realtor, Scottsdale Homes and Scottsdale Real Estate. Real estate can also be found in local and national newspapers.
What has the author Alvin L Arnold written?
Alvin L. Arnold has written: 'The Arnold encyclopedia of real estate' -- subject(s): Dictionaries, Real estate business 'Modern real estate and mortgage forms' -- subject(s): Forms, Real property, Mortgages, Leases, Vendors and purchasers, Real estate investment 'Modern Real Estate and Mortgage Forms Checklists' 'Real estate transactions: Structure and analysis' 'Checklists' -- subject(s): Real property, Law and legislation, Real estate investment 'Real estate investor's deskbook' 'Real estate law digest' 'Tax shelter in real estate today' -- subject(s): Real property and taxation, Law and legislation, Tax shelters 'Real estate investor's deskbook 1995 supplement' 'Modern real estate' -- subject(s): Real estate business
