Property Valuation
In Indiana real estate valuation, the 'four forces' affecting value are:
ASupply, demand, price, and volume
BPhysical, economic, governmental, and social forces✓ Correct
CLocation, condition, size, and age
DInterest rates, employment, population, and income
Explanation
The four forces that influence real estate value are: physical characteristics (land, improvements, environment), economic factors (employment, income), governmental influences (taxes, zoning), and social factors (demographics, lifestyle preferences).
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