Answer :
When conducting an appraisal, it is crucial for an appraiser to research and understand both the zoning map and the zoning ordinance. Therefore, the correct option is option 3.
The zoning map provides information on the specific zoning designations assigned to a property, which can impact its value and potential uses. The zoning ordinance outlines the regulations and requirements related to building, land use, and other factors within a given zoning district.
By reviewing both the zoning map and ordinance, appraisers can accurately assess the potential uses and limitations of a property, as well as any potential risks or opportunities associated with its zoning designation. This information helps appraisers accurately assess the property's value and potential usage. Therefore, the correct answer is option 3.
Learn more about Zoning ordinance:
https://brainly.com/question/15172665
#SPJ11
Final answer:
During an appraisal, an appraiser must understand both the zoning map, which outlines the property's zoning classification, and the zoning ordinance, providing information about what is permitted under each zoning class. Both are vital to determining the property’s value.
Explanation:
When conducting an appraisal, an appraiser must research and understand both the zoning map and the zoning ordinance. The zoning map allows the appraiser to know the specific zoning classification of the property, giving insight into how the property can be used in accordance with local laws. On the other hand, the zoning ordinance provides detailed information about what is permissible under each zoning classification, including limitations on property use, building dimensions, signage, and parking requirements. Understanding both components helps to determine the highest and best use of the property, directly affecting the appraised value. Thus, knowing both the zoning map and the zoning ordinance is crucial to producing a correct and accurate appraisal value.
Learn more about Appraisal here:
https://brainly.com/question/31793945
#SPJ12
