Property Valuation
The principle of anticipation in Missouri appraisal states that:
AValue is determined solely by past sales
BValue is influenced by the expectation of future benefits✓ Correct
CAll properties increase in value over time
DLocation is the only value driver
Explanation
The principle of anticipation holds that value is created by the expectation of future benefits (income, amenities, appreciation). Buyers pay based on anticipated future utility.
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