Humber/Ontario Real Estate Course 1 Exam 2026 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 890

Which of the following is true about the role of a real estate appraiser in Ontario?

They must be a licensed real estate broker

They provide valuation services for real estate

The role of a real estate appraiser in Ontario primarily revolves around providing valuation services for real estate. This involves assessing the value of properties through various methods, considering factors such as location, market trends, property condition, and comparable sales. Appraisers are essential in the real estate process, especially when it comes to financing and ensuring fair market value is established. Their expertise is crucial for lenders, buyers, and sellers who need accurate appraisals to make informed decisions regarding property transactions.

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They directly negotiate real estate transactions

They manage real estate properties for clients

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