Scan QR code or get instant email to install app
Question:
Loss of value of an expensive home due to the close proximity of lower-priced homes in a neighborhood is known as ____
A
regression.
explanation
Regression is the loss of value of nicer homes due to lower-value neighboring properties, progression is the increase in value of lesser homes due to higher-value neighboring properties. Both are elements of the principle of conformity.
Take more free practice tests for otherReal Estate topics with our real estate practice exam now!
Related Information
Comments