Land Non-Homogeneity Quiz
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Questions and Answers

What is another term for non-homogeneity in the real estate market?

  • Consistency
  • Standardization
  • Uniformity
  • Heterogeneity (correct)

    • What does non-homogeneity imply about parcels of land?

  • Parcels have similar characteristics
  • Parcels are identical
  • Each parcel is unique (correct)
  • Parcels can be standardized

    • What factors contribute to the uniqueness of parcels of land?

  • Age, material, and cost
  • Location, building type, and improvements (correct)
  • Accessibility, amenities, and zoning
  • Size, shape, and color

    • What is another term for non-homogeneity in the real estate market?

    <p>Heterogeneity</p> Signup and view all the answers

    What does non-homogeneity imply about parcels of land?

    <p>Each parcel is unique</p> Signup and view all the answers

    What factors contribute to the uniqueness of parcels of land?

    <p>Location, type of buildings, and improvements</p> Signup and view all the answers

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