ch. 15 the real estate market and analysis with answers rated A+ 2023/2024

ch. 15 the real estate market and analysislist the physical characteristics of real estate 1. land is ____. 2. land is ____. 3. land is ____. - correct answer immobile (fixed), indestructible (durable), unique (non homogeneous) when the supply increases relative to demand, prices go ___. - correct answer down when demand increases relative to supply, prices go ___. - correct answer up the highest and best use of land is the use that generates the most ___ to the land and improvements. - correct answer return the premium paid for location preference is _____. - correct answer situs characteristics of real estate market (characteristic or not) a. land is indestructable b. no standard product c. quick response to supply/demand d. land is unique (not homogeneous) e. land is immoble - correct answer a. characteristic b. characteristic c. not a characteristic d. characteristic e. characteristic