Humber/Ontario Real Estate Course 2 Exam Practice

What information must a clause regarding the pool and its equipment include?

1. A confirmation that the pool is not included in the home sale

2. A detailed description of all pool repairs made

3. Records of chemical treatments for the pool

4. Evidence of regular pool maintenance for the last year

5. A statement that the seller guarantees the pool's condition and this condition does not merge on closing

6. A list of potential future issues with the pool

The correct answer is: A statement that the seller guarantees the pool's condition and this condition does not merge on closing

In a clause regarding the pool and its equipment, including a statement that the seller guarantees the pool's condition and that this condition does not merge on closing is essential. This statement helps protect both the buyer and the seller by establishing the seller's responsibility for the pool's current state and ensures that any potential issues that may arise with the pool after closing are addressed. The other options are incorrect because: - Option A, a confirmation that the pool is not included in the home sale, might be relevant in a different context but is not typically included in a clause specifically addressing the pool and its equipment. - Option B, a detailed description of all pool repairs made, may provide useful information about the pool's history but is not a requirement for the clause. - Option C, records of chemical treatments for the pool, may be important for the buyer to know but may not be necessary to include in the clause. - Option D, evidence of regular pool maintenance for the last year, while important for the buyer's due diligence, may not need to be explicitly stated in the clause. - Option F, a list of potential future issues with the pool, is not typically included in such a clause as it is more forward-looking and speculative rather than addressing the current state and responsibilities regarding the pool.