Investors in real estate can choose to hold properties directly in the private market or indirectly through publicly traded real estate securities. The market for buying selling, and leasing real estate can be characterized by all of the following EXCEPT:

Question

Quizplus · Accepted Answer

The statement "low transaction costs" is not accurate in the context of real estate markets. Real estate transactions typically involve various costs such as legal fees, property appraisal fees, transfer taxes, and other transaction expenses. Therefore, option D is an exception and not a characteristic of real estate markets. Options A, B, and C all accurately describe real estate markets.

Investors in Real Estate Can Choose to Hold Properties Directly