Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Course 2 Exam with our comprehensive practice tests. Study with flashcards, multiple choice questions, and detailed explanations to ensure you are ready for exam day!

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Why is demographic research important in real estate?

It helps understand local trends within communities and helps in advising sellers
It's crucial for setting property prices
It helps in understanding the economic advantages of a neighborhood
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.