PSI Oklahoma Real Estate Practice Test

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Prepare for the PSI Oklahoma Real Estate Test with flashcards and multiple choice questions, all equipped with hints and explanations. Master the material and pass your exam confidently!

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What term refers to the uniqueness of each parcel of land?

Heterogeneity
Homogeneity
Variety
Diversity

The correct answer is: Heterogeneity

The correct term that refers to the uniqueness of each parcel of land is heterogeneity. In real estate and land use, heterogeneity emphasizes that each piece of land has distinct characteristics that differentiate it from others, such as its location, topography, zoning, and natural features. This uniqueness plays a significant role in real estate valuation, development potential, and investment strategies because no two parcels can be duplicated exactly, leading to differing uses and desirability. The other terms listed, such as homogeneity and diversity, do not convey the same meaning. Homogeneity refers to similarity among items, suggesting that parcels are alike rather than unique. Variety and diversity indicate a range of different types or categories but do not specifically highlight the uniqueness of each individual parcel as effectively as heterogeneity does. Heterogeneity captures the essence of what makes each piece of land distinct and valuable in the context of real estate.