When a real estate agent says the three most important factors when buying a property are “location, location, location,” the agent is referring to one of the forms of i found the answer and its "nonprice competition", so free points to who ever see this first

The correct answer for this is 'non price competition'.

Explanation:

When a real estate agent says the three most important factors when buying a property are “location, location, location,” the agent is referring to one of the forms of non price competition.

Non-price competition is a type of competition where two or more than two producers use factors like customer service, packaging or delivery rather than the price to increase the demand of the product or service.

Here, location is used as a non-price competition to increase the demand.

I always thought this meant the neighborhood where the real estate was found or the community. Your answer of non prince competition really surprises me. Thanks for posting.

answer(d) encourage cooperation by improving the chances of mutually agreeable transactions;