Alabama Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

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
Decrease due to economic factors

The correct answer is: 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.