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October 6, 2025The appraiser gathers information regarding the neighborhood
The appraiser gathers information regarding the neighborhood in which the subject property and the comparable properties are located. The appraiser observes that there is a reasonable amount of similarity among the properties in terms of square footage, amenities, and architectural design. Which principle of value applies to this situation? A) Increasing and decreasing returns B) Substitution C) External diseconomies D) Conformity