Humber/Ontario Real Estate Course 1 Exam Practice

Which statement is INCORRECT regarding different real estate sales careers?

1. A new home sales career is often less structured than residential resales

2. Commercial sales are typically grouped under four categories, including retail and office

3. Knowledge about non-resident sellers and unique zoning requirements is crucial for recreational properties

4. Proximity to public transit is important when determining the value of commercial office space

5. Residential resales often have fixed hours and lack evening work

6. Commercial properties often require knowledge of industrial and multi-family units

The correct answer is: A new home sales career is often less structured than residential resales

The correct answer is A. A new home sales career is often less structured than residential resales. In reality, new home sales are usually more structured than residential resales. New home sales involve working closely with builders and developers, following their specific processes and timelines, and often require more training and product knowledge compared to traditional residential resale transactions. Regarding the other options: B. This statement is correct. Commercial sales are indeed typically grouped under four categories, including retail and office. C. This statement is correct. Knowledge about non-resident sellers and unique zoning requirements is crucial for recreational properties. D. This statement is correct. Proximity to public transit is important when determining the value of commercial office space. E. This statement is incorrect. Residential resales can involve flexible hours, including evenings and weekends, to accommodate clients' schedules. F. This statement is correct. Commercial properties often do require knowledge of industrial and multi-family units.