California Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $4.99 payment

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.

Practice this question and more.

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.