Property Valuation
In Hawaii, what is 'regression' in the context of property value?
AA. A statistical method used to calculate assessed values
BB. The principle that a high-value property located near lower-value properties may have its value pulled down✓ Correct
CC. A decrease in property value due to aging
DD. The reduction in value when a property is subdivided
Explanation
The principle of regression holds that a higher-value property surrounded by lower-value properties will tend to have its value reduced toward the value of the surrounding properties.
Related Hawaii Property Valuation Questions
- What is a 'land residual technique' in appraisal and when is it used?
- In Hawaii, the assessed value of a property used for property tax purposes is determined by:
- In Hawaii, which factor most significantly affects the difference in value between leasehold and fee simple properties?
- The appraisal principle that states 'value is created by the expectation of future benefits' is known as:
- The sales comparison approach to value is MOST applicable for valuing:
- What does the term 'paired sales analysis' mean in Hawaii real estate appraisal?
- What is an 'as-stabilized' value in Hawaii real estate appraisal?
- What is the 'income multiplier' approach and how is it used as a quick investment analysis tool in Hawaii?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →