Statements regarding market analysis and marketability

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Which of the following statements regarding market analysis and marketability analysis is TRUE? Options:

(1) Market analysis is a process that investigates how a particular piece of property will be absorbed, sold, or leased under current or anticipated market conditions.

(2) A marketability study is a process that examines the demand and supply conditions or the demographic needs for a property type.

(3) A marketability study is founded on analysis of the four factors of utility, scarcity, desire, and effective purchasing power that create value

(4) The market analysis process is sometimes referred to as a site in search of a use.

Reference no: EM132946406

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