Property Valuation
What does the principle of conformity state?
AProperty values are highest when surrounded by similar uses✓ Correct
BAll properties in a neighborhood must have identical designs
CProperty values always increase over time
DZoning must conform to market demands
Explanation
The principle of conformity holds that value is maximized when a property is in harmony with its surroundings. A residential property surrounded by similar homes achieves maximum value.
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