Alabama Real Estate Practice Exam

Question: 1 / 400

What is physical deterioration in the context of property appraisal?

A design defect

External influences

Wear and tear that can be either curable or incurable

Physical deterioration in the context of property appraisal refers to the decline in the condition of a property due to wear and tear over time. This can include both curable and incurable damage such as worn out flooring or a leaking roof. Option A, a design defect, refers to a structural issue with the property rather than natural wear and tear. Option B, external influences, refer to external factors such as weather or neighboring properties, which can affect the property's condition but are not considered physical deterioration. Option D, decrease due to economic factors, refers to a decrease in property value due to economic conditions rather than physical wear and tear. Overall, physical deterioration is specific to the condition of the property itself and not external or economic factors.

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Decrease due to economic factors

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