This is Real Estate Finance:

27) Which of these is NOT an essential assumption in determining market value?

a. The buyer and seller must be unrelated.

b. The payment must be in cash or its equivalent.

c. The buyer and seller must be acting without excessive pressure.

d. The property must be on the market for at least three months.

28) The principle of value that is the interaction of supply and demand is called

a. anticipation.

b. competition.

c. conformity.

d. contribution.

29) All of these reflect basic principles of value EXCEPT

a. anticipation and conformity.

b. competition and plottage.

c. change.

d. financing concessions.