Property Valuation
What does 'DUST' stand for in real estate value theory?
ADemand, Utility, Supply, and Transfer costs
BDemand, Utility, Scarcity, and Transferability — the four elements that must be present for real property to have value✓ Correct
CDebt, Utility, Selling costs, and Taxes
DDevelopment, Use, Site, and Title
Explanation
DUST is an acronym for the four elements necessary for real property to have value: Demand (desire and ability to purchase), Utility (usefulness), Scarcity (limited supply), and Transferability (ability to convey ownership). All four must exist for value to be present.
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