Valuation & AppraisalCâu 96 / 120
The principle of 'conformity' in appraisal suggests that a property's maximum value is generally realized when:
a.It is far larger and more expensive than all neighbors
b.It is similar in style and use to surrounding properties
c.It is the smallest home in the area
d.It has no relationship to nearby properties
Giải thích
The principle of conformity holds that properties reach their maximum value when they are reasonably similar to others in the neighborhood. Overimprovement or underimprovement relative to neighbors can reduce value. Related principles are regression and progression.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A loss in property value caused by negative factors outside the property, such as a nearby factory or declining neighborhood, is:
- The concept of 'highest and best use' refers to the use that is:
- An appraiser making adjustments in the sales comparison approach adjusts the:
- Under the principle of regression, a high-value home located among lower-value homes will tend to:
- A comparative market analysis (CMA) prepared by a licensee differs from a formal appraisal because it:
- Accrued depreciation in the cost approach represents:
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