Property Valuation
Which North Dakota principle states that value is influenced by the returns expected from surrounding properties?
APrinciple of substitution
BPrinciple of conformity✓ Correct
CPrinciple of balance
DPrinciple of progression
Explanation
The principle of conformity holds that maximum value is achieved when properties conform to the surrounding neighborhood's character. Related principles of progression and regression describe how superior and inferior properties are affected by their neighbors.
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