Property Valuation
A 'location, location, location' principle in Indiana real estate reflects which appraisal principle?
ASubstitution
BContribution — location is a specific attribute that significantly affects value✓ Correct
CConformity
DHighest and best use
Explanation
The maxim 'location, location, location' reflects that location is one of the most significant factors affecting real estate value. In appraisal terms, this is related to the principle of contribution — location contributes differentially to the value of otherwise similar properties.
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