California Real Estate Practice Exam

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Which issue would an appraiser be referring to when mentioning "functional obsolescence" in a single-family residence?

  1. Dry rot

  2. Poor neighborhood

  3. Single car garage

  4. Zoning

The correct answer is: Dry rot

Functional obsolescence refers to a type of depreciation where a feature or characteristic of a property is no longer desirable or functional, leading to a decrease in the property's value. In the case of a single-family residence, dry rot would be the issue that an appraiser would be referring to when mentioning functional obsolescence. Dry rot is a form of decay that weakens the structure of a property and can significantly impact its value. Poor neighborhood, single car garage, and zoning are all important factors in real estate appraisal but do not specifically relate to functional obsolescence in the context of a single-family residence.

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