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Option A: Wrong: Parallelism Error
Any real estate professional will tell you that
the value of a parcel of land is most directly affected by
the extent of its development and
how close it is to a major business center.

Option B: Wrong: Parallelism Error
Any real estate professional will tell you that
the value of a parcel of land is most directly affected by
whether it had been developed extensively and
how close it is to a major business center

Option D: Wrong: Parallelism Error
Any real estate professional will tell you that
the value of a parcel of land is most directly affected by
the extent to which it has developed and
how close it is to a major business center

Option C: Parallelsim maintained but Intended meaning Error - Wrong
Any real estate professional will tell you that
the value of a parcel of land is most directly affected by
how extensively it has developed and
how close it is to a major business center
Error : pronoun "It" refer to land, and gives meaning, land itself has developed

Option E: Parallelism Maintained and Intended meaning
Any real estate professional will tell you that
the value of a parcel of land is most directly affected by
how extensively it has been developed and
how close it is to a major business center
Pronoun "it" refer to land, and land has been developed
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Original Sentence
Any real estate professional will tell you that
the value of a parcel of land is most directly affected by
- the extent of its development and
- how close it is to a major business center.

Eliminate, A, B and D - Parallelism Error
A) the extent of its development
B) whether it had been developed extensively
D) the extent to which it has developed

Between C, and E: here "It" refers to "Land"
C) how extensively it has developed - Land has developed on its own - wrong intended meaning
E) how extensively it has been developed - Land has been developed - Correct intended meaning
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