Multiple Choice
Estimating the market value of real estate is complicated by the unique characteristics of real estate markets.In contrast to stock markets,real estate markets are characterized by all of the following EXCEPT:
A) No two assets are considered perfect substitutes for one another.
B) Market prices are revealed almost instantaneously and continuously to prospective buyers.
C) Transactions of similar assets occur infrequently.
D) The physical location of the asset being sold plays an important role in the pricing process.
Correct Answer:
Verified
Correct Answer:
Verified
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