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Questions and Answers
What factors do professionals consider when valuing land?
What factors do professionals consider when valuing land?
- Buyer demand, location features, and limited supply (correct)
- Buyer demand only
- Location features only
- Limited supply only
How is real property defined?
How is real property defined?
- As intangible assets
- Only as land
- As personal property
- As land and physical structures (correct)
What do property valuers consider when assessing asset worth?
What do property valuers consider when assessing asset worth?
- Market conditions and property condition (correct)
- Historical factors
- Market conditions only
- Property condition only
How are price changes influenced according to the text?
How are price changes influenced according to the text?
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What factors influence real estate value according to the text?
What factors influence real estate value according to the text?
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What does the International Valuation Standards Committee (IVSC) aim to promote?
What does the International Valuation Standards Committee (IVSC) aim to promote?
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Why is land considered essential for human life?
Why is land considered essential for human life?
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What factors are considered in land valuation?
What factors are considered in land valuation?
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What does the International Valuation Society (IVSC) emphasize in its guidelines?
What does the International Valuation Society (IVSC) emphasize in its guidelines?
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How does urbanization impact the quality of life?
How does urbanization impact the quality of life?
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