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.

Why might houses in the same neighborhood by the same builder be listed at different prices?

Their location and layout similarities ensure identical prices.
Ages, upkeep, special features, and specific locations.
They should reflect the same market price due to neighborhood consistency.
Such homes always need to have the same listing price.

The correct answer is: Ages, upkeep, special features, and specific locations.

Houses in the same neighborhood by the same builder may be listed at different prices due to various factors such as their ages, upkeep, special features, and specific locations. Even though the houses share the same builder and are located in the same neighborhood, differences in these aspects can significantly impact their market value. Age, maintenance levels, custom upgrades, and unique property features all contribute to the perceived value of a home, leading to variations in listing prices despite their similarities in location and builder. This is why option B is the correct answer in this scenario.