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I reinstalld the student version of Revit 2014 today and it appears the material files have not installed correctly. I can't render as the button is greyed out and when I click the manage materials icon, nothing happens. I looked at my program files and I do have the the four material libraries installed (2014, base resolution, low resoloution & medium resoloution). I also looked at options and under rendering there is no file located but under my libraries there is no .msi files which I found to be a possible answer on google.
Thanks for any help, I'm so desperate to get it sorted! 🙂