Humber/Ontario Real Estate Course 2 Exam Practice

Image Description

Question: 1 / 1300

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.

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.

Get further explanation with Examzify DeepDiveBeta

They should reflect the same market price due to neighborhood consistency.

Such homes always need to have the same listing price.

Next Question

Report this question

Download Humber/Ontario Real Estate Course 2 Exam Practice PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy