Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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If a prospective buyer is interested in a cottage with a wood stove installed by the current homeowner 40 years ago, the buyer should:

Make the offer contingent upon repair of the wood stove by the seller.
Make the offer conditional upon an inspection and approval of the wood stove installation by an appropriate expert or experts.
Request an affidavit from the seller stating no issues with the stove.
Exclude the wood stove from the offer.
Make the offer contingent on the seller removing the wood stove altogether.
Purchase without any concerns if previous issues have not been reported.

The correct answer is: Make the offer conditional upon an inspection and approval of the wood stove installation by an appropriate expert or experts.

A Making the offer contingent upon repair of the wood stove by the seller may not be the best option as the seller may not be willing to make repairs or may not have the resources to do so. C: Requesting an affidavit from the seller may not be a reliable option as the seller may not disclose potential issues with the wood stove. D: Excluding the wood stove from the offer may not be ideal as it may be a desirable feature for the buyer and may also affect the overall value of the property. E: Making the offer contingent on the seller removing the wood stove altogether may not be the best option as there may be additional costs associated with removal and it may leave the buyer without a desired feature. F: Purchasing without any concerns may not be wise as previous issues may not have been reported, and it's important to have a professional inspection of the wood stove installation to ensure it's safe and up to code. Additionally, the buyer may face unexpected expenses if issues with the wood stove arise after the purchase. Overall, option B is the best course of action as it allows for a thorough inspection by a professional to ensure the wood stove is safe and properly installed.