Humber/Ontario Real Estate Course 2 Exam Practice

For a remote, lakefront cottage property, which is NOT a viable source when verifying material facts?

1. Obtaining last year's bacteriological test for the well water

2. Confirming compliance with Ontario Building Code for recent renovations

3. Verifying title documents for easements or rights-of-way

4. Reviewing seller-provided documentation for a shared dock

5. consulting zoning regulations from local authorities

6. Analyzing environmental assessment reports

The correct answer is: Obtaining last year's bacteriological test for the well water

When dealing with a remote, lakefront cottage property, obtaining last year's bacteriological test for the well water is not a viable source for verifying material facts. The reason behind this is that a single test from the previous year may not accurately represent the current state of the water quality and may not cover all potential contaminants that could be present. In real estate transactions, it is crucial to ensure the safety and quality of the water source, which requires more up-to-date and comprehensive testing. On the other hand, confirming compliance with the Ontario Building Code for recent renovations, verifying title documents for easements or rights-of-way, reviewing seller-provided documentation for a shared dock, consulting zoning regulations from local authorities, and analyzing environmental assessment reports are all essential sources for verifying material facts when dealing with a lakefront cottage property. These sources provide crucial information regarding the property's compliance with regulations, ownership rights, structural integrity, zoning restrictions, and environmental considerations, which are all vital aspects to consider in a real estate transaction.