Property Valuation
The principle of 'regression' in property value means:
AProperty values decline over time
BA higher-value property loses value due to proximity to lower-value properties
CImprovements that exceed market standards will not add their full cost to property value
DBoth B and C✓ Correct
Explanation
Regression has two related meanings: (1) a superior property is dragged down in value by inferior neighboring properties, and (2) improvements that over-improve a property relative to the market will not return their full cost in added value.
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