Property Valuation
Regression in Wyoming property value occurs when:
AA superior property loses value by being surrounded by inferior properties✓ Correct
BProperty values decrease over time due to market conditions
CAn appraiser reduces a comparable's sale price
DA neighborhood is upgraded with new development
Explanation
The principle of regression holds that the value of a superior property is pulled down when surrounded by inferior properties. Conversely, progression means a lesser property may be valued higher when surrounded by superior properties.
Related Wyoming Property Valuation Questions
- A Wyoming appraiser notes that the comparable sales used in the sales comparison approach are from a 'buyer's market.' This means:
- The income capitalization approach to value is most appropriate for appraising:
- Effective age differs from actual age because:
- In Wyoming, a leasehold estate has value when:
- In Wyoming, the cost approach to value is most useful for:
- A Wyoming appraiser using the direct capitalization method would estimate value by:
- The principle of increasing and decreasing returns in Wyoming appraisal holds that:
- In Wyoming, a market analysis (CMA) prepared by a real estate licensee is:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →