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.

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When preparing a property for sale, which of these is an important first step?

  1. Conducting major renovations

  2. Staging the home

  3. Choosing a real estate agent

  4. Determining the property’s market value

  5. Printing marketing materials

  6. Creating an online listing

The correct answer is: Determining the property’s market value

Determining the property's market value is an important first step when preparing a property for sale. This is crucial as it sets the foundation for the entire selling process. Understanding the market value helps in setting an appropriate listing price, attracting the right buyers, and maximizing the property's selling potential. By knowing the property's market value, sellers can make informed decisions throughout the selling process and increase the chances of a successful sale. The other options are not the most important first step when preparing a property for sale. While conducting major renovations, staging the home, choosing a real estate agent, printing marketing materials, and creating an online listing are all important aspects of the selling process, determining the property's market value should typically be addressed before proceeding with these other steps.

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