Property Valuation
The 'principle of conformity' in Massachusetts real estate valuation states that:
AAll properties must conform to building codes to have value
BMaximum value is achieved when properties in an area are similar in size, style, and use✓ Correct
CValue is always conforming to the assessed value
DConformity to zoning increases value by a fixed percentage
Explanation
The principle of conformity states that a property achieves its maximum value when it is surrounded by properties that are reasonably similar in use, size, and style, creating a harmonious neighborhood.
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