California Real Estate Practice Exam

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What describes the positive effect larger homes have on the value of a smaller home in the same neighborhood?

  1. Regression

  2. Progression

  3. Conformity

  4. Competitive edge

The correct answer is: Progression

A Regression refers to the negative influence larger or more expensive homes may have on the value of a smaller home in the same neighborhood. This can occur if a larger or more expensive home is overpriced, causing the value of other homes in the neighborhood to decrease. C: Conformity may refer to the idea that smaller homes in a neighborhood tend to conform to the standards set by larger homes in terms of design, features, and amenities. This can have a positive effect on the value of smaller homes, but it is not directly related to the size of the homes. D: Competitive edge may suggest that larger homes have a competitive advantage over smaller homes in the same neighborhood due to their size and features. While this may be true in some cases, it is not specifically related to the effect on the value of smaller homes. The correct answer is B because progression refers to the

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