Question

While developing an appraisal, an appraiser assumes that an underground storage tank on the subject property is not leaking. This is an example of:_______A) Unethical contingencyB) Ordinary assumptionC) Hypothetical conditionD) Extraordinary assumption

Answer 1

Extraordinary Assumption

Step-by-step explanation:

Extraordinary Assumptionn

An assumption, that has a specific assignment, which, if found to be false, could alter the appraiser's opinions or conclusions. Extraordinary assumptions makes a presumption as fact otherwise concluding about physical, legal or economic characterisitcs of the subject property; or about conditions external to the property such as market conditions or trends; or about the integrity of data used in analysis, when the information is uncertain