Conformity Principle

Definition of "Conformity principle"

Annamarie Neville real estate agent
Annamarie Neville, Real Estate Agent Berkshire Hathaway HomeServices The Preferred Realty - South Suburban Regio

A generally accepted appraisal principle stating properties having similar architectural, socioeconomic occupancy, and usage characteristics maximize respective market values. In contrast, nonconforming uses will reduce market respective to property valuations.

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