Property Valuation
Which principle of value states that the value of a property is affected by surrounding properties?
APrinciple of substitution
BPrinciple of conformity✓ Correct
CPrinciple of contribution
DPrinciple of regression
Explanation
The principle of conformity holds that value is maximized when a property is similar (in use, style, and quality) to surrounding properties. Non-conforming properties tend to suffer in value.
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