Master this deck with 16 terms through effective study methods.
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Includes land, improvements, and rights.
Anything not classified as real property.
A right that runs with the land.
Location permanence influences market demand.
Use that maximizes property owner's return.
Each parcel of land is unique and irreplaceable.
Fixed supply leads to increased demand and value.
Improvements require long-term capital commitment.
Regulations to manage property use for public benefit.
REALTOR® is a member of a professional association.
Property value diminishes due to lost income potential.
Acts as a counselor to solve clients' property issues.
High demand areas increase property values significantly.
Include scarcity, location, and permanence.
Legal remedy requiring fulfillment of a contract.
Adverse changes in surroundings reduce land value.