Property Valuation
The 'principle of change' in South Carolina real estate appraisal recognizes that:
AProperty values remain constant over time
BMarket values constantly change due to economic, social, and physical factors✓ Correct
COnly physical improvements affect value
DGovernment regulations have no impact on value
Explanation
The principle of change recognizes that property values are not static—they constantly change in response to economic forces, demographic shifts, neighborhood transitions, and physical deterioration.
Related South Carolina Property Valuation Questions
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