NIESV FEM Practice Questions - NIESV Foundation In Estate Management, Nigeria Exam

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Which of the following is a key characteristic of the real estate market that distinguishes it from highly organized financial markets like the stock exchange?

High level of product homogeneity and standardization Immobility of the asset and high degree of heterogeneity Instantaneous transaction speed and minimal transaction costs Perfect price transparency and centralized trading floors

Correct Answer:

Immobility of the asset and high degree of heterogeneity

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