Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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Which factor is most negatively impacting the value of the Richards' property?

Demand
Scarcity
Transferability
Utility

The correct answer is: Demand

The factor most negatively impacting the value of the Richards' property is demand. This is because demand refers to the number of potential buyers in the market for the property. If there are fewer interested buyers, the demand for the property decreases, resulting in a lower value. Option B, scarcity, refers to the limited supply of the property and would actually increase its value. Option C, transferability, refers to the ease of transferring ownership of the property and does not directly impact its value. Option D, utility, refers to the usefulness or desirability of the property and would also increase its value. Therefore, it is not the most negatively impacting factor.