Property Valuation
The principle of progression states that a property's value is:
AIncreased by surrounding inferior properties
BIncreased by being surrounded by higher-value properties✓ Correct
CDecreased by market fluctuations
DUnaffected by neighboring properties
Explanation
The principle of progression holds that a lower-value property will have its value increased by proximity to higher-value properties. Conversely, regression holds that a higher-value property is dragged down by inferior neighbors.
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