Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Demographics:

Is not relevant when studying factors that influence the real estate market.
Is an important consideration only when addressing the senior's market.
Is the study of employment conditions and wage levels.
Is the study of population trends including size, composition and growth.
Focuses on economic factors affecting real estate pricing.
Deals primarily with geographic influences on property values.

The correct answer is: Is the study of population trends including size, composition and growth.

Demographics refer to the study of population trends, including factors such as size, composition, and growth. Understanding demographics is crucial in real estate as it helps professionals to identify potential clients, market trends, and housing preferences. By analyzing demographics, real estate agents can determine the demand for certain types of properties in specific areas, which can ultimately impact pricing and sales strategy. The correct answer is option D because it accurately defines demographics in the context of the real estate market.