Property Valuation
Which North Dakota appraisal principle holds that a property's value is influenced by the anticipated benefits it will provide in the future?
APrinciple of substitution
BPrinciple of anticipation✓ Correct
CPrinciple of conformity
DPrinciple of balance
Explanation
The principle of anticipation states that value is created by the expectation of future benefits (income, enjoyment, utility). The income approach to value is largely based on this principle.
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