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!

Practice this question and more.

When selecting a property management company, which is the most important consideration for an investor?

The size of the property management firm's office.
The variety of additional services the firm offers.
The experience and track record of the property management firm.
The location of the property management company's offices.

The correct answer is: The experience and track record of the property management firm.

The most important consideration for an investor when selecting a property management company is the experience and track record of the property management firm. This is crucial because the investor needs to ensure that the property management company is competent, knowledgeable, and capable of effectively managing the property. Experience and a proven track record demonstrate the firm's ability to handle various situations that may arise during the management of the property, from tenant issues to maintenance and financial management. Therefore, choosing a property management company with a solid experience and successful history in property management is vital for the investor's peace of mind and the success of their investment. Options A, B, and D are not as essential as option C. The size of the property management firm's office, the variety of additional services offered, or the location of the company's offices are secondary factors compared to the crucial aspect of experience and track record in property management.