Which principle states that property value is created and sustained when contrasting, opposing, or interacting elements are in a state of equilibrium?

An appraiser is analyzing a vacant parcel of land that is zoned for general business. This zoning classification allows for almost any business enterprise, including some industrial uses. The appraiser believes the following values per acre are accurate: Possible Use Market Value per Acre Market Conditions Industrial $200,000 Could be sold within 30 days Commercial—office $240,000 Will take at least two years to sell Commercial—retail $325,000 Will take at least five years to sell Commercial mortgage interest rates as of today are 7%, and discount rates in this market for properties like this are about 10%. What is the highest and best use of the parcel today? 

The most reliable procedure for estimating land value is usually

An appraiser is asked to prepare a market value appraisal report of the local publicly owned library facility. The client specifically stated that the value opinion must be of the market value as of today. The appraiser spent a great deal of time researching comparables and found no comparable sales of public library facilities. Which of the following statements is correct?

Land can be valued by

Which of the following statements is correct with regard to real estate markets?

Real estate is purchased in response to the demand generated by a population with

The valuation process is

Land is most often valued using which of the following units of comparison?

Which of the following is an example of micro-level data?