Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam with our practice quizzes. Study using multiple-choice questions complete with hints and explanations. Ace your exam with confidence!

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.

If a homeowner wants to determine the potential profit from selling their property, which factor is most readily controllable?

The current market conditions.
The listing price of the property.
The location of the property.
The neighborhood amenities.
The property's proximity to schools.
The overall economic climate.

The correct answer is: The listing price of the property.

The listing price of the property is the most readily controllable factor for a homeowner when determining the potential profit from selling their property. Homeowners have the authority to set and adjust the listing price based on their goals, the competitive landscape, and their perceived value of the property. By strategically pricing their home, they can influence buyer interest and the ultimate selling price. In contrast, current market conditions, the location of the property, neighborhood amenities, proximity to schools, and the overall economic climate are external factors that homeowners cannot control. These elements can significantly affect property values and buyer demand, but they remain constant regardless of the homeowner's actions. By focusing on the listing price, homeowners can directly impact their potential profit.