Principle of Conformity: What is it? Real estate license exam questions.

Most humans have a strong desire to be unique, but when it comes to real estate, it's a bit different. In real estate, it's best not to stand out from the crowd and conform to industry or neighborhood trends. This valuation and appraisal concept is called the Principle of Conformity. Here are the chapters for this video, feel free to jump around accordingly: 0:00 Introduction 0:20 Principle of Contribution Definition 1:08 Principle of Contribution Example 1:37 Contribution Principle in Commercial Real Estate 2:52 Functional Obsolescence and the Principle of Conformity 3:18 Principle of Conformity Limitations 3:55 What Do You Need to Know for the Exam? #realestate #realestateexam #realestatelicense -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=-