Property & Ownership第 92 / 120 题
The principle of 'progression' in valuation states that a property's value tends to:
a.Increase when surrounded by higher-value properties
b.Decrease when improvements are added
c.Stay fixed regardless of the neighborhood
d.Equal exactly its construction cost
解析
Under progression, a lower-valued home benefits from being located among higher-valued homes. The opposite principle, regression, holds that a higher-valued home may be dragged down by surrounding lower-valued properties.
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