Humber/Ontario Real Estate Course 2 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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.

Which statement is NOT correct about demographic research in real estate?

Aging seniors often downsize to reduce monthly housing expenses
Downsizing in a neighbourhood is rarely the result of demographic changes within that neighbourhood
Tracking new house developments in the local community can assist when advising sellers as to the right time to sell
This type of research can help better understand local trends within communities and neighbourhoods

The correct answer is: Downsizing in a neighbourhood is rarely the result of demographic changes within that neighbourhood

Option B is incorrect because downsizing in a neighbourhood can indeed be a result of demographic changes within that neighbourhood. Demographic changes such as an increase in the number of older adults or a decrease in family size can lead to more people choosing to downsize their homes. Understanding demographic trends within a neighbourhood is crucial for real estate professionals as it can help them anticipate changes in housing needs and preferences, allowing them to better advise clients on when to sell or buy properties. Option B is not correct as it inaccurately states that downsizing is rarely the result of demographic changes within a neighbourhood.