Which of the following is NOT a factor included in the acronym "PEGS"?

The acronym "PEGS" represents key factors that influence property value, specifically: Physical, Economic, Governmental, and Social. Each component of this acronym highlights aspects that can affect real estate appraisal and value determination.

The physical aspects consider the property's characteristics and condition, such as size, layout, and features. Economic factors pertain to the broader economic environment, including market trends, supply and demand, and financial conditions affecting buyers. Governmental factors involve regulations, zoning laws, and tax policies that can impact property use and value.

However, the term "Marketable" is not included in the PEGS acronym. While marketability can be influenced by the factors mentioned in PEGS, it does not directly represent one of the core elements outlined in this model. Understanding PEGS is crucial for appraisers as it helps in analyzing the influences on property values effectively.