Property Valuation
Regression in appraisal (Missouri) means a high-value property loses value when:
AInterest rates rise
BIt is surrounded by lower-value properties✓ Correct
CThe owner upgrades it
DThe tax assessment increases
Explanation
The principle of regression holds that a superior property's value is pulled down by the presence of inferior surrounding properties. The opposite is progression (a lower-value property benefits from superior neighbors).
Related Missouri Property Valuation Questions
- A Missouri property is listed at $325,000. Three comparable sales showed values of $315,000, $320,000, and $318,000. The indicated market value is approximately:
- In Missouri appraisal practice, 'accrued depreciation' is the difference between:
- An appraiser determines a Missouri commercial building has a remaining economic life of 25 years. Using straight-line depreciation with a total economic life of 50 years, the depreciation rate per year is:
- A comparable property sold 6 months ago at $300,000 in a market with 2% annual appreciation. What is the time-adjusted value of the comparable for today?
- The principle of contribution in Missouri appraisal states that:
- Missouri law requires that licensed appraisers follow:
- In Missouri, a 'desk review' of an appraisal involves:
- A Missouri appraiser's letter of engagement typically includes all of the following EXCEPT:
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