Property Valuation
Which principle of value states that the value of a lesser-quality property is enhanced by being located near more valuable properties?
APrinciple of regression
BPrinciple of progression✓ Correct
CPrinciple of conformity
DPrinciple of contribution
Explanation
The principle of progression holds that the value of a lesser-quality property is increased by its proximity to higher-value properties. Conversely, the principle of regression holds that a higher-value property is pulled down by surrounding lower-value properties.
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