Humber/Ontario Real Estate Course 2 Exam Practice 2025 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 1300

Why is demographic research important in real estate?

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.

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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

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