In Real Estate Markets, a Transaction Occurs Only When the Investment

question 25

Multiple Choice

In real estate markets, a transaction occurs only when the investment value of the buyer exceeds the investment value of the seller. The buyer's investment value is the ________ that he or she would be willing to pay for a particular property, while the seller's investment value is the _______ that he or she would be willing to accept.

• A) minimum; minimum
• B) minimum; maximum
• C) maximum; minimum
• D) maximum; maximum

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Definitions:

Competence

The ability or capacity to perform a task effectively and efficiently.

Interact Effectively

The ability to communicate and work with others in a way that is productive and mutually beneficial.

Intrinsic Need

A fundamental psychological requirement that is inherent and essential for individual growth and well-being.

Effectance Motivation

The intrinsic motivation to interact with, manipulate, and control one’s environment, often seen in exploratory and playful behaviors.