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  1. What are the four criteria used to determine a property’s highest and best use?
  2. Why might an appraiser need to perform a separate site valuation? Name at least two reasons.
  3. What are brownfields, and why do they require special environmental assessments?
  4. What is the sales comparison method of site valuation, and how does it work?
  5. What is the difference between the ground rent capitalization method and the land residual method in site valuation?
  6. What does “interim land use” mean, and can you give an example of a property that may have an interim use?
  7. Below are all the methods of site valuation. Choose one and define it:
    • Sales Comparison Method
    • Allocation Method
    • Abstraction (Extraction) Method
    • Subdivision Development Method
    • Ground Rent Capitalization Method
    • Land Residual Method

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