Valuation & AppraisalQuestion 57 of 120
A modest home located among larger, more expensive homes tends to be worth more because of the principle of:
a.Progression
b.Regression
c.Contribution
d.Substitution
Explanation
The principle of progression holds that a lesser-valued property gains value from proximity to higher-valued properties. Its value is pulled upward by the superior surroundings. The opposite effect is described by the principle of regression.
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