Property Valuation
The principle of conformity in Michigan real estate appraisal states that property values are maximized when:
AAll comparable sales are from the same subdivision
BA property conforms to the surrounding land uses and improvements✓ Correct
CThe property is the most expensive in the neighborhood
DThe property is assessed at 100% of market value
Explanation
The principle of conformity states that a property achieves its highest value when it is similar in size, style, and use to surrounding properties. A property that deviates significantly from neighborhood norms typically suffers a value penalty.
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