A Popular Adage in Real Estate Is That Property Value

question 1

Multiple Choice

A popular adage in real estate is that property value is all about "location, location, location." However, for most property types in nonresidential realms, nonlocational requirements are equally or even more important. All of the following are examples of nonlocational factors EXCEPT:

• A) Floor plate size
• B) Amount of parking
• C) Nature of current tenants
• D) Proximity to modes of public transportation

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Definitions:

Goal Attainment

The process of setting, pursuing, and achieving objectives, often used as a measure of success or progress.

Intergroup Bias

The tendency to favor one's own group over other groups in judgment or treatment.

Self-Esteem

The degree to which a person has a positive self-evaluation.

Locus of Control

A psychological concept referring to an individual's belief about the extent of control they have over events in their lives, which can be internal (believing they have control) or external (believing that outside forces have control).