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Illiquidity in real estate means that: A. you can quickly sell the property. B. you don't have a water well on the property. C. you cannot quickly sell the property. D. you don't have financial leverage.
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Liquid: The state of the security or other asset that cannot be sold or exchanged for cash without a substantial loss of its value. Illiquid assets also cannot be sold quickly due to the lack of ready and willing investors or speculators to purchase the asset. So... the answer is C. Hope this helped!!