Because there is only a finite amount of resources, the law of `____` will increase property value because no more can be built in any one area.

Flashcard 13 - Property Valuation and Appraisal Flashcard Set for the Real Estate License Exam

supply and demand

If demand goes up, and supply goes down or remains the same, values will increase.

Previous Next

All Flashcard Sets for the Real Estate License Exam are now available as downloadable PDFs