Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam. Utilize flashcards and multiple choice questions with hints and explanations. Get exam-ready!

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Which of the following methods is NOT used to estimate property value?

  1. Comparative Market Analysis Approach

  2. Cost Approach

  3. Direct Comparison Approach

  4. Income Approach

  5. Location Approach

  6. Valuation Approach

The correct answer is: Location Approach

The correct answer is E. Location Approach. This method is not used to estimate property value. A. Comparative Market Analysis Approach, B. Cost Approach, C. Direct Comparison Approach, and D. Income Approach are all common methods used by real estate professionals to estimate the value of a property. F. Valuation Approach is a broad term that encompasses all the different methods used to determine the value of a property.

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