Humber/Ontario Real Estate Course 2 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

What does the agreement of purchase and sale assume about the seller?

Seller has complied with the Planning Act's subdivision control provisions.
Minor utility easements are grounds for title objection.
Property is guaranteed to be suitable for the buyer's future use.
The seller is responsible for any encroachments.
All properties are free of historic restrictions.
Property dimensions are accurate without survey verification.

The correct answer is: Seller has complied with the Planning Act's subdivision control provisions.

The correct answer is A because the agreement of purchase and sale assumes that the seller has complied with the Planning Act's subdivision control provisions. This means that the seller has followed the legal requirements set out in the Planning Act related to subdividing land, ensuring that the property being sold meets the necessary regulations and requirements for subdivision. This is important for the buyer as it provides assurance that the property is being sold in accordance with the law and that there are no issues related to subdivision control that may arise in the future. Options B, C, D, E, and F are incorrect because they do not specifically address the assumption that the seller has complied with the Planning Act's subdivision control provisions. These options relate to different aspects of the property or the transaction but do not directly address the legal compliance related to subdivision control that is assumed in the agreement of purchase and sale.