Property Valuation
Which of the following is NOT one of the four essential elements of value (DUST)?
ADemand
BUtility
CScarcity✓ Correct
DTransferability
Explanation
The four elements of value remembered as DUST are: Demand, Utility, Scarcity, and Transferability. 'Scarcity' IS one of the elements — all four are required. The question asks which is NOT; all four (D, U, S, T) are elements. A trick answer would be something like 'Appreciation' which is not part of DUST.
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