Property Valuation
Which principle of value states that the value of a property is influenced by the values of surrounding properties?
APrinciple of contribution
BPrinciple of conformity✓ Correct
CPrinciple of anticipation
DPrinciple of progression
Explanation
The principle of conformity holds that value is maximized when properties conform to the character of the surrounding area. It underlies the concept that a neighborhood's general character affects individual property values.
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