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In a general sense, evaluating, producing, selling, leasing, and managing real estate tends to be: Liquid and localized, but not highly segmented. Illiquid, highly segmented,

In a general sense, evaluating, producing, selling, leasing, and managing real estate tends to be:

		Liquid and localized, but not highly segmented.
		Illiquid, highly segmented, and localized.
		Illiquid and highly segmented, but not localized.
		Liquid, localized, and highly segmented.

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