Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam with our comprehensive quiz that covers essential concepts and topics. Enhance your understanding with multiple choice questions designed to test your knowledge and boost your confidence before the exam.

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 the market shows an equal number of buyers and sellers, with stable pricing and demand, how is this market best described?

A buyer's market.
A seller's market.
A balanced market.
A weak market.
An inflated market.
A neutral market.

The correct answer is: A balanced market.

When the market shows an equal number of buyers and sellers, with stable pricing and demand, it is best described as a balanced market. In a balanced market, neither buyers nor sellers have a significant advantage, leading to a fair and stable environment for real estate transactions. Options A and B are not correct because in a buyer's market, there are more properties for sale than there are buyers, giving buyers an advantage, while in a seller's market, the opposite is true with more buyers than properties, giving sellers an advantage. Option D, a weak market, typically refers to a market with low demand, high supply, and decreasing prices. Option E, an inflated market, suggests that prices are higher than justified by economic fundamentals, which is not the case in a balanced market. Option F, a neutral market, does not accurately describe a market with equal numbers of buyers and sellers and stable pricing and demand.