Property Valuation
What is 'regression' and 'progression' as principles of value in Oregon real estate?
AStatistical methods used to adjust comparable sales
BRegression: a higher-value property is negatively affected by surrounding lower-value properties; Progression: a lower-value property benefits from being near higher-value ones✓ Correct
CMarket trends showing price declines (regression) or increases (progression)
DAppraisal principles about time adjustments
Explanation
Regression states that a high-value property surrounded by lower-value properties will have its value pulled down. Progression means a lower-value property surrounded by higher-value properties will be pulled up.
Related Oregon Property Valuation Questions
- The 'cost approach' to appraisal uses which formula?
- What is the 'principle of conformity' in Oregon real estate appraisal?
- The principle of 'substitution' in real estate appraisal states that:
- Which of the following Oregon property types would MOST likely be appraised primarily using the cost approach?
- Under the Uniform Standards of Professional Appraisal Practice (USPAP), an appraiser's primary ethical obligation is to:
- In the cost approach, 'reproduction cost' differs from 'replacement cost' in that reproduction cost is:
- An appraiser performing a 'drive-by' or exterior-only appraisal produces what type of report?
- In a declining real estate market, which type of depreciation would most significantly affect property values?
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