Which of the following is an example of a relevant property characteristic affecting an appraisal?

Relevant property characteristics are aspects of a property that can significantly influence its value and the appraisal process. In this case, the subject property being affected by an easement is a critical factor because easements can impact the use and value of the property. They might restrict how the property can be utilized or might lower its value by limiting certain uses or requiring the property owner to provide access to another party. Appraisers must consider these characteristics when determining the fair market value of a property as they can directly affect desirability and worth.

Other choices, while related to the appraisal process, do not pertain directly to the physical or legal characteristics of the property itself. The time given for completion of the assignment and the type of report requested are more about appraiser logistics and client requirements, and the appraisal being used for litigation pertains to its application rather than its intrinsic characteristics. Hence, the easement is the most relevant factor that could directly influence the property’s value.