Humber/Ontario Real Estate Course 3 Exam Practice

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If homes by the same builder are listed in a neighborhood, what is likely accurate regarding their listing prices?

  1. The prices should be identical

  2. The prices might vary due to age, upkeep, features, and locations

  3. They should have the same listing price due to similar utility

  4. Neighbourhood homes usually have very similar prices

The correct answer is: The prices might vary due to age, upkeep, features, and locations

In real estate, homes built by the same builder in a neighborhood may vary in listing prices due to various factors such as age, upkeep, features, and locations. Even though the homes share the same builder, elements like the condition of the property, any renovations or upgrades done, the specific location within the neighborhood, and the overall market conditions can influence the listing price. Therefore, it is reasonable to expect that the listing prices of homes by the same builder in a neighborhood might not be identical, making option B the correct choice.

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