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MarketMEDIUM13.6% of exam

The principle of progression indicates that:

Correct Answer

A) A lower-valued property benefits from being located among higher-valued properties

Progression describes a favorable surrounding influence on a lower-valued property when supported by market evidence. It is not guaranteed appreciation or authority to over-improve. Compare actual properties and buyer reaction rather than infer a fixed premium from neighboring prices.

Answer Options
A
A lower-valued property benefits from being located among higher-valued properties
B
Properties should be improved beyond the level typical of their neighborhood
C
Property values in an area rise over time as newer homes are built nearby
D
Market conditions progress in predictable cycles that appraisers can schedule precisely

Why This Is the Correct Answer

Progression describes a favorable surrounding influence on a lower-valued property when supported by market evidence. It is not guaranteed appreciation or authority to over-improve. Compare actual properties and buyer reaction rather than infer a fixed premium from neighboring prices.

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