Principles of Real EstatePregunta 17 de 100
Which of the following is a physical characteristic of land?
a.Scarcity
b.Immobility
c.Situs
d.Permanence of investment
Explicación
The physical characteristics of land are immobility, indestructibility, and uniqueness (nonhomogeneity). Scarcity, situs, permanence of investment, and improvements are economic characteristics. These traits explain why land markets are local and why no two parcels are identical.
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