Last reviewed 08-20-2026Short-Sale.com Editorialglossary
SUBSTITUTION, PRINCIPLE OF
California Department of Real Estate
Updated 08-20-2026
SUBSTITUTION, PRINCIPLE OF
Affirms that the maximum value of a property tends to be set by the cost of acquiring an equally desirable and valuable substitute property, assuming no costly delay is encountered in making the substitution.
California Department of Real Estate Glossary
California Department of Real Estate · p. 32
Need help?
Ask more questions about SUBSTITUTION, PRINCIPLE OF in Help. You'll get answers for your situation.
People also ask