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Unformatted text preview: -Land use and value Real estate values are interrelated Planning tool for cities and counties Zoning Continued-Legislative power P and Z commission-Comprehensive or general plan Transportation, emp, pop, etc studies. Zoning districts: R-1 Map Scottsdale Eminent Domain-Constitutional power 5 th amendment “public use”-Just compensation Government must pay market value-Recent Opinions Kelo vs. New London Court (2005) AZ Bailey vs. City of Mesa Chapter 9 Test Questions The definition of market value in appraisal includes:-Typically motivated parties Which of the following statements is true regarding the sales comparison approach?-Adjustments are made to the sales prices of comparable properties to make them representative of the subject property’s characterstics....
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This note was uploaded on 10/02/2008 for the course REA 380 taught by Professor Gunterman during the Fall '08 term at ASU.
- Fall '08