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Exam CFM Topic 2 Question 164 Discussion

Actual exam question for IFMA's CFM exam
Question #: 164
Topic #: 2
As a result of a market assessment, your company has decided that the best and highest use for a currently vacant building in an industrial park would be as a manufacturing facility. In order for a facility to be considered as a best and highest use, it must pass a series of four tests. What is one of the four tests?

Suggested Answer: B Vote an answer

TheBest and Highest Useprinciple in real estate valuation requires passingfour tests:
* Physically Possible- The land or building must accommodate the intended use.
* Legally Permissible- Must comply with zoning, environmental laws, and regulations.
* Financially Feasible- Must generate enough income or benefits to justify the investment.
* Maximally Productive- Must provide the highest return compared to other uses.
While strategic planning (A, C) and location (D) areimportant considerations, they donot meet all four criteriarequired for determining best and highest use.

by Dempsey at Feb 22, 2026, 06:17 AM

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Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

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