Real Estate Market Quiz

An organisation for property buyers and sellers to exchange properties (correct)

A non-physical market where property transactions take place

A physical place where actual property transactions are concluded

A virtual marketplace for property auctions

To facilitate rental property transactions

To allocate scarce resources in property interests (correct)

To promote speculative investment in real estate

To enable purchasers to buy their favorite properties

There is no central property market

The property market is imperfect (correct)

All property markets have uniform pricing

Each property market is perfectly competitive

<p>The goods sold in the market are homogeneous and similar</p> Signup and view all the answers

<p>The price mechanism</p> Signup and view all the answers