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.
illiquidity refers to the lack of liquidity, that is ease to sell an asset for money. It is the opposite of answer a) then and the correct answer is C:c. you cannot quickly sell the property.
