Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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How does proximity to public transit influence the value of commercial office space?

It decreases value due to increased traffic
It is not a significant factor in valuation
It increases desirability and potentially the value
It only affects residential properties
It necessitates additional zoning permits
It exclusively impacts industrial properties

The correct answer is: It increases desirability and potentially the value

Proximity to public transit can have a significant positive impact on the value of commercial office space because it increases desirability. Easy access to public transportation can attract more potential tenants and customers to the area, making the location more convenient and appealing. This convenience may result in higher demand for office space in that area, potentially increasing its value.