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Exam (elaborations)
Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)
Preview 2 out of 6 pages
Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Heterogeneity or Nonhomogeneity - ANSWER - Every parcel of land is different Immobility - ANSWER - Location of a parcel of land can never be changed Durable - ANSWER - Refers to land that is indestructible, meaning improvements can depreciate or be destroyed, but the land still remains Scarcity - ANSWER - When supply is limited, the price will increase Improvements - ANSWER - May increase or decrease the value of the property
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