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TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE QUESTIONS & ANSWERS & UPDATED
Question : a freeway has made commuting to a distant
suburban neighborhood easier, resulting in an increase in
new home sales. This increase in sales is an example of
the economic characteristic of
A.) scarcity
B.) Fixity
C.) Situs
D.) Modification
CORRECT ANSWER: D.) Modification
Question : The supply of Real Estate is affected by
A.) Land cost
B.) Building codes
C.) Government regulations
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