Oregon 30-Hour Real Estate Law Practice Test

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Study for the Oregon Real Estate Law Test. Explore multiple choice questions and flashcards with hints and explanations. Prepare for success!

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Which piece of information would NOT assist a property owner in evaluating competitive rental rates?

Housing market trends
The number of occupants in each of your units
Average rental prices in the area
Local vacancy rates

The correct answer is: The number of occupants in each of your units

When evaluating competitive rental rates, understanding the number of occupants in each of your units does not directly inform the property owner about market conditions or pricing strategies. Information such as housing market trends, average rental prices in the area, and local vacancy rates provide insights into the broader rental market. These factors help property owners assess demand, identify pricing standards, and evaluate their position against comparable properties. In contrast, knowing how many occupants are in each of the owner’s units is more relevant to managing occupancy and understanding tenant dynamics rather than influencing rental price competitiveness. It does not provide useful context for setting rental rates in relation to the market or competition, which is why it would not assist in evaluating competitive rental rates.