The Three Key Factors for Determining Value in Real Estate

question 48

Multiple Choice

The three key factors for determining value in real estate are ____. ​

• A)location, location, and location
• B)economic base, financial incentives, and demographics
• C)trade area, competition, and demographics
• D)accessibility, cost of labor, and technology
• E)location, competition, and cost

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Definitions:

Business Acumen

The ability to understand and deal with business situations in a manner that is likely to lead to a good outcome.

Foundational Competency

Foundational competency refers to the essential skills or knowledge that serves as the base for further learning or professional development.

ATD Competency Model

A framework developed by the Association for Talent Development to outline the skills and knowledge needed by professionals in the field of training and development.

Strategic

Being strategic involves planning and taking actions that are intended to achieve long-term or overall aims and objectives.