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Florida Real Estate Course
Chapter 16
Florida Real Estate Practice Question
In real estate, which of the following best describes the economic characteristic of land known as "situs"?
Answer choices
A
The physical immobility of the land and its permanent geographic coordinates.
B
The physical uniqueness of a parcel of land, meaning no two lots are exactly alike.
C
The economic preference of people for a specific area or location.
D
The indestructible nature of the earth's surface over time.
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How Real Estate Markets Work: Supply, Demand and Location
All chapter guides
What is the basic difference between a buyer's and seller's market?
Why can nearby homes react differently to the same market news?