Transferability, as it applies to appraisal, refers to the ability to change the ownership of an asset.

• A. False
• B. True
• C. Not Applicable
• D. Depends

Answer: (B)

Transferability in appraisal is about how easily ownership of a property can be transferred from one person to another, which directly affects marketability and value. The statement is true because the core idea is the capacity to convey title and complete a sale. Even when there are restrictions, the concept still describes the potential to transfer ownership, just with limits. The other options don’t fit because they suggest the concept doesn’t apply or varies inappropriately, whereas transferability is a standard measure of how readily ownership can be conveyed.