Superior Real Estate School Exam 2024 with 100% correct answers

All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity Answer D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is the basis for the doctrine of specific performance? A. Indestructibility B. Uniqueness C. Immobility D. Permanence of Investment Answer B. Uniqueness Which of the following is considered to have the greatest impact on the value of a property? A. Area Preference B. Permanence of Investment C. Scarcity D. Uniqueness Answer A. Area Preference The concept by which land would increase automatically along a river or stream is known as: A. Accretion B. Littoral Rights C. Avulsion D. Reliction Answer A. Accretion The owner of a house wants to fence the yard for a dog. When the fence is erected, the fencing materials are converted to rea