Humber/Ontario Real Estate Course 2 Exam Practice

What is a common benefit of home staging in real estate?

1. It is restricted to resale property.

2. It can attract potential buyers by improving a property's overall appearance.

3. It does not impact the final selling price of a property.

4. It is restricted to occupied homes and not effective for unoccupied properties.

5. It is mandated by law in certain residential zones.

6. It must be performed by a licensed home stager.

The correct answer is: It can attract potential buyers by improving a property's overall appearance.

Home staging is a powerful tool in real estate that involves preparing a property for sale to attract potential buyers by enhancing its overall appearance. By decluttering, rearranging furniture, and adding decorative touches, home staging aims to create an inviting atmosphere that appeals to a broader range of buyers. A well-staged home can help buyers visualize themselves living in the space, leading to increased interest and potentially a higher selling price. Therefore, the correct answer is B. The other options are incorrect for the following reasons: A. Home staging is not restricted to resale property. It can also be beneficial for new construction or rental properties. C. Home staging can indeed impact the final selling price of a property by making it more attractive to buyers. D. Home staging can be effective for both occupied and unoccupied properties. In fact, staging an unoccupied property can help potential buyers see the space's potential more clearly. E. Home staging is not mandated by law in certain residential zones. It is typically optional but highly recommended. F. While professional home stagers can provide valuable expertise, it is not a legal requirement for the staging process to be performed exclusively by a licensed home stager.