Property Valuation
The 'principle of anticipation' in NC real estate holds that:
ABuyers always overpay for future benefits
BValue is created by the expectation of future benefits such as income or enjoyment✓ Correct
CPast sales best predict future value
DPresent cost determines future value
Explanation
The principle of anticipation holds that present value reflects the anticipated future benefits (income, use, enjoyment) that a property will provide to its owner.
Related North Carolina Property Valuation Questions
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