Property Valuation
In Wyoming, the 'principle of balance' in real estate appraisal holds that:
AAll appraisal approaches must indicate the same value
BMaximum value is achieved when the agents of production (land, labor, capital, coordination) are in proper balance✓ Correct
CComparable sales must be balanced between buyer's and seller's markets
DIncome and expenses must balance in the income approach
Explanation
The principle of balance states that real estate achieves maximum value when all agents of production are in proper proportion. Over-improvement or under-improvement of land relative to its surroundings violates this principle and can reduce value.
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