Pennsylvania Auctioneer Practice Exam

Disable ads (and more) with a membership for a one time $4.99 payment

Prepare for the Pennsylvania Auctioneer Exam. Use our flashcards and multiple choice questions, each with hints and explanations. Get ready for your auctioneer licensing exam in Pennsylvania!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

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

  1. Residential property elements

  2. Commercial property standards

  3. Minerals classification

  4. Real estate's elements of value

The correct answer is: 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.

More Questions Like This