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Questions and Answers
All of the following are separable ownerships of land EXCEPT?
All of the following are separable ownerships of land EXCEPT?
- surface of land
- the area below the surface
- nonhomogenuity (correct)
- air rights
the characteristic of land that causes the real estate market to be essentially a local market is the physical characteristic of
the characteristic of land that causes the real estate market to be essentially a local market is the physical characteristic of
- indestructibility
- immobility (correct)
- availability
- natural features
The nonhomogeneity of land:
The nonhomogeneity of land:
- is the basis for legal remedy of specific performance
- results from the uniqueness of every parcel of real estate
- is a physical characteristic of land
- all of the above (correct)
an increase in the economic supply of land has resulted from?
an increase in the economic supply of land has resulted from?
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