California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

Practice this question and more.

Which of the following is not a characteristic of value?

Demand
Utility
Scarcity
Change

The correct answer is: Change

While demand, utility, and scarcity are all characteristics of value that contribute to the worth or desirability of a good or service, change is not. Change may impact the value of something, but it is not a defining characteristic of value itself. Therefore, D is not a characteristic of value.