Property Valuation
The principle of regression in Wisconsin real estate valuation means:
AProperty values always decline over time
BA higher-value home surrounded by lower-value homes tends to be pulled down in value✓ Correct
CImprovements always add more value than they cost
DOlder homes are always worth less than new homes
Explanation
The principle of regression holds that the value of a higher-quality property is negatively affected when surrounded by lower-quality properties. This underscores the importance of location in real estate value.
Related Wisconsin Property Valuation Questions
- Accrued depreciation in a Wisconsin appraisal refers to:
- The cost approach to value is most reliable for:
- A Wisconsin appraiser selects 'comparables' that are most useful when they:
- The principle of substitution in real estate valuation states that:
- Under Wisconsin law, a property owner who disagrees with their assessment may first appeal to the:
- A comparable sale in Wisconsin was made under duress (divorce-related forced sale). For appraisal purposes, this sale:
- Under USPAP, a Wisconsin appraiser who accepts an assignment with a predetermined conclusion ('bring it in at $X') is:
- When using the sales comparison approach, a Wisconsin appraiser makes a 'minus adjustment' to a comparable sale when the comparable has a:
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