Property Valuation
What is the principle of conformity in Nevada real estate appraisal?
AAll Nevada properties must conform to state building codes
BMaximum value is achieved when properties in a neighborhood are similar in type, style, and use, contributing to neighborhood stability✓ Correct
CA property's value must conform to its assessed value
DAppraisers must conform to NRED standards for all reports
Explanation
The principle of conformity holds that maximum value is realized when a property harmonizes with the surrounding neighborhood in style, use, and character. A house that is significantly different from its neighbors (positively or negatively) may see its value affected by the lack of conformity.
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