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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Which of the following methods is NOT used to estimate property value?

  1. Comparative Market Analysis Approach

  2. Cost Approach

  3. Direct Comparison Approach

  4. Income Approach

  5. Location Approach

  6. Valuation Approach

The correct answer is: Location Approach

The correct answer is E. Location Approach. This method is not used to estimate property value. A. Comparative Market Analysis Approach, B. Cost Approach, C. Direct Comparison Approach, and D. Income Approach are all common methods used by real estate professionals to estimate the value of a property. F. Valuation Approach is a broad term that encompasses all the different methods used to determine the value of a property.

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