Reference no: EM132229219

1. Wary Terry Miliaterry is in escrow for a home he in under contract to purchase located on Strange Sightings Lane. The property is located five miles outside of a military operations base in the community of Unexploded Ordnance Hill. The land formerly belonged to the US military and was used for covert operations. The military sold the land in 1198 to private developers who subdivided it into a tract known as Hidden Gems where Terry’s prospective home is located. The property is not known to have any environmental contamination, however, there has not been any formal report to rule that out. This appraisal requires a(n):

Extraordinary assumption

Limiting condition

Hypothetical condition

2. Appraiser April Raisal learns that there is an issue concerning whether or not a subject property is burdened by an easement. The client, Sue Mee, says that the easement holder gave her a written release but she has not yet recorded the document and has forgotton where she placed it. The neighbor who allegedly gave up the easement cannot be reached. Appraiser Raisal agrees to value the property as if it is no longer subject to the easement by invoking a/an ___________. In that way if it is later discovered that the property was not actually ever released from the easement, this would allow the appaiser to modify her opinon of value without recourse.

Hypothetical condition

Extraordinary assumption