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.

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If a seller guarantees the condition of insulation but the buyer finds an issue after closing, what can the buyer do?

The seller’s warranty ends at closing making the buyer responsible for removal without legal recourse.
The buyer can take legal action for damages due to the seller’s conflicting warranty.
Since insulation is not banned, legal action against the seller is impossible.
The seller is not liable as the insulation issue was found post-closing.

The correct answer is: The buyer can take legal action for damages due to the seller’s conflicting warranty.

In this scenario, the correct answer is B. If a seller guarantees the condition of insulation but the buyer discovers an issue after closing, the buyer can take legal action for damages due to the seller's conflicting warranty. This is because the seller provided a guarantee about the insulation condition, and if that guarantee is not fulfilled or if there was a misrepresentation, the buyer has the right to seek legal remedies for any damages incurred. Options A, C, and D are incorrect: A. The statement that the seller's warranty ends at closing, making the buyer responsible for removal without legal recourse, is not accurate. If there was a guarantee provided by the seller, the buyer can seek legal action if the guarantee is not met. C. The notion that legal action against the seller is impossible because insulation is not banned is irrelevant to the buyer's rights in this situation. The buyer still has legal recourse if the seller guaranteed the condition of the insulation. D. It is not true that the seller is not liable because the insulation issue was found post-closing. If the seller provided a warranty or guarantee about the insulation condition, they can still be held accountable if that warranty is not fulfilled.