California Real Estate Practice Exam

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Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

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Which of the following is not a characteristic of value?

Demand
Utility
Scarcity
Change

The correct answer is: Change

While demand, utility, and scarcity are all characteristics of value that contribute to the worth or desirability of a good or service, change is not. Change may impact the value of something, but it is not a defining characteristic of value itself. Therefore, D is not a characteristic of value.