Pennsylvania Auctioneer Practice Exam

Question: 1 / 400

What does D.U.S.T. mean?

Residential property elements

Commercial property standards

Minerals classification

Real estate's elements of value

D.U.S.T. stands for Demand, Utility, Scarcity, and Transferability. These are the four elements that make up the value of real estate. Option A refers to residential properties, but it does not encompass all types of real estate. Option B is too specific and does not cover all the elements of value. Option C is incorrect as MINERAL is a separate and distinct area of property law. Only option D captures the full meaning of D.U.S.T. in the context of real estate.

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