California Real Estate Practice Exam

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What are depth tables used by appraisers for?

To determine the relationship between beach properties and high-tide elevations
To determine the value of commercial properties on which the lots vary in depth
To show the depth of water in arid areas
To facilitate the calculation of interest payments on declining balances

The correct answer is: To determine the relationship between beach properties and high-tide elevations

Depth tables are specifically designed to help appraisers determine the value of properties, particularly when the lot depths vary. They provide a guideline for how property value can fluctuate based on the varying depths of different parcels of land, which is especially relevant for assessing commercial properties. The value of property often decreases as the depth increases beyond a certain point, and depth tables help quantify this relationship. In the context of the choices provided, commercial properties can significantly depend on factors like lot size and configuration, making depth tables a critical tool for appraisers when determining fair market value for such properties. The table can help appraisers assess how different depths impact the overall marketability and value, making it a vital resource in this assessment.