Property Valuation
Regression and progression are appraisal principles that affect value through:
AEconomic market cycles
BThe influence of surrounding property values on a subject property✓ Correct
CMathematical regression analysis
DThe age and condition of improvements
Explanation
The principle of regression holds that a higher-valued property is dragged down by lower-valued neighbors. Progression holds that a lower-valued property is enhanced by higher-valued neighbors.
Related Georgia Property Valuation Questions
- In the cost approach, the 'site value' is estimated as if the land were:
- An appraisal that determines 'market value' estimates the price that:
- An 'as improved' appraisal values the property:
- When multiple appraisal approaches give different value indications, the final value conclusion involves:
- The gross income multiplier (GIM) for annual rents is calculated as:
- A real estate appraiser who develops an 'as-is' market value on a property in poor condition will:
- An appraiser who discovers that a comparable sale was between related parties (family members) should:
- An appraiser uses the 'Marshall Valuation Service' (or similar cost data service) to estimate:
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