Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

Brokers can gather _____ from various data sources including census data and MLS.

1. Market trends

2. Demographic information

3. Investment opportunities

4. Local regulations

The correct answer is: Demographic information

Brokers can gather demographic information from various data sources including census data and MLS (Multiple Listing Service). This information is crucial for understanding the characteristics of a population in a specific area, such as age, income levels, education, and family size. By utilizing demographic data, brokers can better tailor their marketing strategies, identify target markets, and provide clients with relevant insights that can influence buying or selling decisions. While market trends, investment opportunities, and local regulations are also important aspects of real estate, they are not specifically categorized under the demographic information collected from census data and MLS. Market trends typically relate to property values and sales activity over time, investment opportunities involve analyzing potential financial returns in real estate, and local regulations pertain to zoning laws and property use guidelines, none of which are directly derived from demographic data sources. Thus, demographic information is the most accurate term for what brokers can gather from these specific sources.