Property Valuation
The principle of 'progression' in real estate appraisal states that:
AA lower-value property's value is enhanced by proximity to higher-value properties✓ Correct
BA higher-value property's value is diminished by proximity to lower-value properties
CAll properties in a neighborhood appreciate at the same rate
DValue always increases over time
Explanation
The principle of progression holds that a below-average property benefits (increases in value) from being located near higher-value, superior properties.
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