The Cost of Land Does Not Include

question 186

Multiple Choice

The cost of land does not include

• A) real estate brokers' commission.
• B) annual property taxes.
• C) accrued property taxes assumed by the purchaser.
• D) title fees.

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Definitions:

Important Fact

A piece of information that is crucial or significant in context, influencing decisions or outcomes.

Mistakes Of Value

Errors made in transactions based on incorrect assessments of the value of goods, services, or property.

Enforceability

Refers to the ability of a legal agreement to be upheld or enforced in a court of law.

Quality

The degree to which a product, service, or process meets specified standards or user expectations.