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3 Cards in this Set
- Front
- Back
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Non homogeneity |
Means that no parcel of real estate are exactly alike differences between Parcels of real estate include the type of building located on the property the size and shape of the property that type of minerals or soil on the property they may look alike but they are still different because their own unique locations uniqueness |
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Non homogeneity occurs |
Because of this lack of standardization real estate professionals must work very hard to match your property to a buyer's need AND because each property is different it takes buyers longer to select and purchase real estate |
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Non homogeneity occurs |
If a seller breaches a real estate sales contract with the buyer the courts may not allow the seller to substitute money or another parcel of land another term to describe the concept that real estate is non substitutable is nonfungibal |
