10.0k views
5 votes
Which valuation principle is most closely associated with the sales comparison approach?

a. Conformity
b. Contribution
c. Anticipation
d. Change

1 Answer

3 votes

Final answer:

The valuation principle most closely associated with the sales comparison approach is conformity, which states that a property's value is influenced by its similarity to other properties in the same area.

Step-by-step explanation:

The valuation principle most closely associated with the sales comparison approach is conformity. The sales comparison approach is a method used in real estate appraisal to determine the value of a property by comparing it to similar properties that have recently sold. The principle of conformity states that a property's value is influenced by its similarity to other properties in the same area, such as size, condition, and location.

User Bsky
by
8.4k points