When Real Estate Agents Say That "Location Matters," They Are

question 11

Multiple Choice

When real estate agents say that "location matters," they are referring to

• A)an absolute location.
• B)a relative location.
• C)the impact of distance decay.
• D)site conditions alone.

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Definitions:

Normative Influence

The impact of norms, values, and expectations of society or a group on an individual's behavior.

Direct Influence

The immediate impact or control one individual or group has over another's actions or decisions.

Empirical

Based on, concerned with, or verifiable by observation or experience rather than theory or pure logic.

Theoretical

Pertaining to a system of ideas intended to explain phenomena, often abstract and not immediately practical.