Property Valuation
The principle of conformity holds that:
AIdentical properties should always sell for the same price
BProperties reach maximum value when surrounded by compatible, similar-use properties✓ Correct
CAll properties must conform to local building codes
DAppraisers must use at least three comparable sales
Explanation
The principle of conformity states that a property achieves its maximum value when it conforms to the typical use, quality, and style of surrounding properties. This underlies zoning, deed restrictions, and the concept of neighborhood compatibility.
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