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

What is a reliable resource for obtaining past statistics in the real estate industry?

1. Harvard University Research Center

2. The National Association of REALTORS®

3. Local government websites

4. Social media platforms

The correct answer is: The National Association of REALTORS®

The National Association of REALTORS® is a well-established and reputable organization that provides a wealth of data and statistics pertinent to the real estate industry. As an authoritative source, it aggregates information from various sectors of the real estate market, including housing trends, sales data, pricing statistics, and other significant economic indicators. This organization conducts regular research and surveys, which are pivotal for real estate professionals seeking historical data and insights into market dynamics. Other sources mentioned may not offer the same level of reliability or comprehensive data specifically related to real estate. For example, while local government websites can provide pertinent information about zoning, property tax records, and new developments, they may lack the broader statistical context that a national organization like the National Association of REALTORS® presents. Harvard University Research Center may focus more on academic studies rather than direct real estate market statistics, and social media platforms typically provide anecdotal data and opinions rather than rigorous, statistically analyzed information essential for informed decision-making in real estate. Therefore, the National Association of REALTORS® stands out as the most reliable resource for accessing past statistics in the real estate industry.