Property Valuation
A South Carolina appraiser notes that a property is located in a transitional neighborhood. This is relevant to which appraisal principle?
APrinciple of contribution
BPrinciple of change✓ Correct
CPrinciple of substitution
DPrinciple of balance
Explanation
The principle of change recognizes that properties and neighborhoods evolve. A transitional neighborhood is undergoing change (improving or declining), which significantly affects current and projected value.
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