Humber/Ontario Real Estate Course 2 Exam Practice

What critical step should be taken if asbestos is found in a residential property being sold?

1. Seller should conceal any signs of deterioration.

2. Immediate removal of the asbestos by the seller.

3. Consulting professional for health and safety guidance.

4. Salesperson should clean and show the unaffected areas only.

5. Ignore as asbestos does not impact property value.

6. Seller to inform only if buyer notices.

The correct answer is: Consulting professional for health and safety guidance.

When asbestos is found in a residential property being sold, the critical step that should be taken is consulting a professional for health and safety guidance. Asbestos can pose serious health risks when disturbed, so it is essential to involve experts who can provide advice on proper handling and potential removal methods to ensure the safety of all parties involved. Option A, B, D, E, and F are incorrect: - A seller should not conceal signs of deterioration or only show unaffected areas, as this can lead to legal and ethical issues related to disclosure. - Immediate removal of asbestos by the seller may not be the best course of action without professional guidance as removing asbestos improperly can cause it to become airborne and pose health risks. - Ignoring asbestos or believing it doesn't impact property value is incorrect, as it can affect the sale of the property and pose health risks to potential buyers. - Sellers should not only inform buyers if they happen to notice the asbestos. Full disclosure and professional consultation are crucial in such situations.