When estimating market value, what rights may the appraiser need to consider?

When estimating market value, it is essential for the appraiser to consider various rights associated with a property, which can influence its overall value. The correct answer encompasses a range of rights, including air rights, mineral rights, and leasehold rights.

Air rights allow a property owner to control the space above their property, which can be particularly valuable in urban settings where vertical development is an option. Mineral rights refer to the rights to extract natural resources from beneath the surface, which can significantly affect land value, especially in areas where such resources are abundant. Leasehold rights pertain to agreements allowing individuals or entities to utilize the property for a specific period, impacting its valuation based on the terms and duration of the lease.

By considering these various rights, the appraiser can gain a comprehensive understanding of the property's potential and any associated value that could be realized from these rights, leading to a more accurate market value determination. In contrast, focusing solely on ownership rights, physical property rights, or exclusive selling rights overlooks important factors that can substantially influence the market assessment.