Property Valuation
The 'principle of progression' in Missouri real estate appraisal suggests that:
AProperty values always increase over time
BA lower-valued property benefits from being located near higher-valued properties✓ Correct
CCommercial properties are always worth more than residential
DNew properties are always worth more than old ones
Explanation
The principle of progression states that a below-average property is worth more because of its proximity to superior properties. The opposite (a superior property being 'dragged down' by inferior neighbors) is the principle of regression.
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