Valuation & AppraisalCâu 97 / 120
Under the principle of regression, a high-value home located among lower-value homes will tend to:
a.Increase the value of all neighbors to its level
b.Have no effect on its own value
c.Be pulled downward in value by the lesser surrounding properties
d.Automatically become the neighborhood standard
Giải thích
The principle of regression states that the value of a superior property is adversely affected by the presence of inferior surrounding properties. Conversely, progression holds that a lesser property benefits from higher-value neighbors. Both relate to conformity.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The concept of 'highest and best use' refers to the use that is:
- An appraiser making adjustments in the sales comparison approach adjusts the:
- The principle of 'conformity' in appraisal suggests that a property's maximum value is generally realized when:
- A comparative market analysis (CMA) prepared by a licensee differs from a formal appraisal because it:
- Accrued depreciation in the cost approach represents:
- Market value, as used in appraisal, generally assumes:
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