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Study with Quizlet and memorize flashcards containing terms like Define Real Estate, Give three definitions of what real estate can mean, What is the difference between personal prop. and permanent prop and more.
Study with Quizlet and memorize flashcards containing terms like Real estate possesses two basic characteristics that define its nature and affect its use: economic and developmental, Location is often considered the most important economic characteristic of land, Real estate licensees are permitted to give advice on matters law as long as the ...
Study with Quizlet and memorize flashcards containing terms like Which phrase BEST defines real estate?, The term non-homogeneity refers to, The bundle of legal rights is included in the definition of and more.
A. Real estate is a stable market that does not fluctuate. B. Real estate is a lagging indicator and contains periods of expansion, recession, depression and revival. C. Real estate is a leading indicator of economic cycles. D. Real estate cycles are easily predictable.
Making your development unique and distinct from those of your competitors is. a. product supply. b. product differentiation. c. product uniqueness. d. product distinction.
(1) real estate is immobile; (2) land is indestructible (durable); and (3) real estate is unique (nonhomogeneous).
Question: Commercial real estate assets are unique when compared to other goods due to their heterogeneity, immobility, localized nature, illiquidity, and market segmentation.
