Property Valuation
The principle of conformity in real estate appraisal holds that:
AAll homes on a street must be the same price
BValue is maximized when a property is compatible with its surrounding properties✓ Correct
CAppraisers must agree on value
DZoning conformity automatically increases property value
Explanation
The principle of conformity states that a property's value is maximized when its use and character are compatible with surrounding properties. Oversized or undersized properties relative to their neighborhood may see value impacts.
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