Principles of Real EstateQuestion 21 of 100
When a lower-value home gains value because it is located among higher-value homes, this illustrates the principle of:
a.Progression
b.Regression
c.Contribution
d.Substitution
Explanation
Progression is the increase in a lesser property's value due to the presence of better, higher-value properties nearby. Regression is the reverse, where a superior property loses value among lesser ones. Both flow from the broader principle of conformity.
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