Property Valuation
The principle of regression in Indiana real estate means:
AProperty values always decrease over time
BA higher-value property is negatively affected by proximity to lower-value properties✓ Correct
CA property is worth more after renovation
DDepreciation can be reversed by improvements
Explanation
Regression is the opposite of progression — a high-value property surrounded by lower-value properties tends to be worth less than it would be in a neighborhood of similar or higher-value homes.
Related Indiana Property Valuation Questions
- An Indiana office building has a 5-year lease at $20/sqft for 10,000 sqft. Market rent is currently $25/sqft. The value impact of the below-market lease is:
- An Indiana appraiser must be independent from the parties to a transaction. This means:
- The principle of 'highest and best use' in Indiana appraisal is defined as the use that is:
- An Indiana appraisal engagement letter should include all of the following EXCEPT:
- Extraordinary and catastrophic events affecting Indiana real estate markets (such as flooding or economic recession) may cause appraisers to:
- An Indiana appraiser who determines the highest and best use 'as if vacant' is asking:
- An Indiana appraisal for an estate tax purpose (date of death value) uses which effective date?
- Indiana's Assessment Ratio Study (ARS) measures:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →