Question: Most probable price is:

Answer Options: A. cost B. price C. market value D. market worth

Answer: C. market value

Question: P-E-G-S stands for:

Answer Options: A. Physical, employment, geography, social B. Physical, economic, governmental, social C. Population, environment, geography, society D. Population, employment, geography, stability

Answer: B. Physical, economic, governmental, and social

Question: Seller’s market impact:

Answer Options: A. Decrease B. Increase C. Stable D. Unpredictable

Answer: B. Home values tend to increase

Question: Seller’s market impact (duplicate):

Answer: B. Home values tend to increase

Question: Luxury home surrounded by smaller homes example:

Answer Options: A. anticipation B. contribution C. progression D. regression

Answer: D. regression

Question: Physical characteristics of land:

Answer Options: A. Durability, accessibility, scarcity B. Fixity, indestructibility, utility C. Uniqueness, immobility, indestructibility D. Location, indestructibility, exclusivity

Answer: C. Uniqueness, immobility, and indestructibility