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.

Real estate professionals evaluating highest and best use of land should be concerned with:

Whether the current use conforms with zoning regulations.
Assuming current use is the highest and best use.
Disregarding improvements’ conformity with surrounding properties.
Ignoring the economic value added by existing improvements.
Setting aside local demand and market trends.
Current lease agreements.

The correct answer is: Whether the current use conforms with zoning regulations.

When evaluating the highest and best use of land, real estate professionals should be concerned with whether the current use conforms with zoning regulations, which is the correct answer. Zoning regulations dictate how a property can be used, the types of structures that can be built, and other development restrictions. Understanding and complying with zoning regulations is crucial to determine the highest and best use of the land. Options B, C, D, E, and F are not correct because they suggest overlooking important factors that play a significant role in determining the highest and best use of the land. Ignoring zoning regulations, economic value added by existing improvements, local demand, market trends, or current lease agreements can lead to inaccurate assessments of the property's potential and may prevent maximizing its value.