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!

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Why is demographic research important in real estate?

  1. It helps understand local trends within communities and helps in advising sellers

  2. It's crucial for setting property prices

  3. It helps in understanding the economic advantages of a neighborhood

  4. It helps identify the cultural changes in a region

The correct answer is: It helps understand local trends within communities and helps in advising sellers

Demographic research is crucial in real estate as it helps agents understand local trends within communities, including population growth, age distribution, income levels, and cultural diversity. By analyzing demographic data, real estate professionals can provide informed advice to sellers based on the specific characteristics and needs of the target market. This information is valuable for tailoring marketing strategies, determining property values, and making recommendations to clients. Therefore, option A is the correct answer as it highlights the importance of demographic research in advising sellers effectively.