Property Valuation
The principle of progression in appraisal means:
AValues always increase over time
BA lower-value property benefits from being adjacent to higher-value properties✓ Correct
CImprovements add value equal to their cost
DThe market always rewards upgrades dollar for dollar
Explanation
The principle of progression holds that a below-average property's value is pulled upward by the presence of higher-value surrounding properties. (Regression is the opposite.)
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