150k views
3 votes
A specific portion of a city in which a sales associate or broker becomes an expert is what kind of area?

A) Localized Area
B) Targeted Area
C) Expert Area
D) Farming Area

1 Answer

3 votes

Final answer:

A Farming Area is a specific section of a city that a sales associate or real estate broker focuses on to build expertise and knowledge of the local market, which aids in successful transactions.

Step-by-step explanation:

A specific portion of a city in which a sales associate or broker becomes an expert is known as a Farming Area. This term refers to the practice where real estate professionals focus on a particular geographical area to build up their expertise, connections, and knowledge about the local market. Rather than spreading their efforts over a broad area, they 'farm' a specific community or neighborhood, often leading to a higher success rate in their transactions due to their specialized knowledge.

User Parampal Pooni
by
8.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.