Valuation & AppraisalCâu 57 / 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
Giải thích
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.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An outdated floor plan that reduces a home's value is an example of:
- A comparative market analysis (CMA) prepared by a licensee to help price a listing is:
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- A large luxury home surrounded by smaller modest homes is worth less than it would be elsewhere because of the principle of:
- Market value is best defined as the:
- An investment property produces $60,000 in net operating income and the market capitalization rate is 8%. Using the income approach, its indicated value is:
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