Property Valuation
Regression in real estate value means:
AValues increase when surrounded by higher-value properties
BValues decrease when surrounded by lower-value properties✓ Correct
CA property's value declines with age
DA market experiencing falling prices overall
Explanation
The principle of regression holds that a higher-value property will be negatively affected (dragged down in value) when surrounded by lower-value properties.
Related North Carolina Property Valuation Questions
- In NC, a 'drive-by appraisal' (exterior-only inspection) differs from a full appraisal in that it:
- An appraiser who adjusts a comparable's price upward by $5,000 for having one fewer bathroom than the subject property is applying which step of the sales comparison approach?
- A property has a replacement cost new of $400,000, accumulated depreciation of $60,000, and land value of $75,000. What is the cost approach value?
- In the sales comparison approach, a positive adjustment to a comparable sale means:
- Progression in real estate value means:
- An appraiser estimates a home's replacement cost new at $350,000, total depreciation of 25%, and land value of $80,000. What is the cost approach value?
- Highest and best use is defined as the use that is:
- What is the gross rent multiplier (GRM) for a property that sells for $180,000 and rents for $1,500 per month?
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