Humber/Ontario Real Estate Course 3 Exam Practice

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For a seller's market analysis, which factor is least critical?

  1. Current homes for sale in the area.

  2. Expired listings that were not sold.

  3. Recent sales of similar properties.

  4. Average days on the market.

  5. Personal preferences of the seller.

  6. Market trends for similar homes.

The correct answer is: Personal preferences of the seller.

For a seller's market analysis, the least critical factor would be the personal preferences of the seller (option E). When conducting a seller's market analysis, the focus is primarily on external market factors rather than the individual seller's preferences. Factors such as current homes for sale in the area, expired listings, recent sales of similar properties, average days on the market, and market trends for similar homes are more relevant to understanding the market conditions and determining the best listing price and marketing strategy. The personal preferences of the seller, although important in the overall sales process, are not as critical when conducting a market analysis specifically focused on the seller's market dynamics.

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