Property Valuation
The principle of progression states that a lower-value Maryland home located among higher-value homes will:
APull down the value of the surrounding homes
BBenefit from being surrounded by more valuable properties and tend to sell for more than if isolated✓ Correct
CBe valued exactly at its cost
DAlways have the highest value on the block
Explanation
The principle of progression holds that a lower-value property's value is enhanced (pulled up) by proximity to higher-value properties.
Related Maryland Property Valuation Questions
- A Maryland appraiser's effective date of value is important because:
- The cost approach to value calculates:
- In Maryland, a property's 'highest and best use' is the use that is:
- Which appraisal approach estimates value by comparing the subject property to recently sold similar properties?
- Reproduction cost and replacement cost differ in that:
- Which principle of value states that the value of a property is affected by the values of surrounding properties?
- A Maryland appraiser uses paired sales analysis to:
- In a competitive market analysis (CMA), a Maryland real estate agent compares the subject property to:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →