Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

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Which of the following is a characteristic of value?

  1. Color

  2. Utility

  3. Shape

  4. Age

The correct answer is: Utility

Value is related to the usefulness or utility of an object or item. Color and shape do not necessarily determine the value of an item, as they are largely subjective. Age can sometimes affect the value of an item, but it is not a defining characteristic. The most accurate choice is utility, as it directly relates to the purpose or function of an item and can determine its worth or value.

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