Humber/Ontario Real Estate Course 2 Exam Practice

When conducting a comparative market analysis, what is the main role of the salesperson?

1. Setting a listing price without the seller's input

2. Surveying current active listings only

3. Providing relevant market data to help the seller set a listing price

4. Summarizing local economy indicators

5. Preparing a home inspection report

6. Issuing property deeds

The correct answer is: Providing relevant market data to help the seller set a listing price

During a comparative market analysis, the main role of the salesperson is to provide relevant market data to help the seller set a listing price. This involves analyzing recent sales of comparable properties, current listings in the market, and overall market trends to come up with a suggested listing price that is reasonable and competitive. This information assists the seller in making an informed decision when listing their property for sale. The other options are not correct because: A. Setting a listing price without the seller's input is not recommended as it is crucial for the seller to be involved in the decision-making process. B. Surveying current active listings only is not comprehensive enough for a comparative market analysis, as it does not take into account sold properties and market trends. D. Summarizing local economy indicators is relevant but not the main role of the salesperson during a comparative market analysis. E. Preparing a home inspection report is generally conducted by a certified home inspector and is not directly related to setting a listing price. F. Issuing property deeds is a legal process typically handled by lawyers or notaries, not by a salesperson conducting a comparative market analysis.