Property Valuation
The principle of progression in real estate valuation means:
AProperty values always increase over time
BA lower-value property benefits from proximity to higher-value properties✓ Correct
CHigher-value properties improve when lower-value properties are removed
DProperty taxes increase proportionally with value
Explanation
The principle of progression states that a lower-value property benefits (its value is pulled upward) when located among higher-value properties. This is the opposite of the principle of regression, where higher-value properties are pulled down by lower-value neighbors.
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