Humber/Ontario Real Estate Course 2 Exam Practice

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What is Salesperson Ramay's duty if showing a home known to be a former meth lab but now remediated?

  1. Salesperson Ramay doesn't have to disclose since the property is remediated.

  2. Disclosure is only needed if specifically asked by the buyer.

  3. Disclosure is required only if directed by the brokerage.

  4. Under the REBBA Code of Ethics, disclosing material facts to the buyer is mandatory.

  5. Honesty about the property's history isn't obligatory.

  6. The history should be revealed post-purchase.

The correct answer is: Under the REBBA Code of Ethics, disclosing material facts to the buyer is mandatory.

As a real estate professional in Ontario, Salesperson Ramay has a duty to disclose material facts to the buyer according to the Real Estate and Business Brokers Act (REBBA) Code of Ethics. In this scenario, the fact that the home was a former meth lab, even though it has been remediated, is considered a material fact that could influence a buyer's decision. Therefore, Salesperson Ramay is required to disclose this information to the buyer. This demonstrates the importance of transparency and honesty in real estate transactions to protect all parties involved. The other options are incorrect because, according to the REBBA Code of Ethics and professional standards, disclosure of material facts such as a property's history as a former meth lab is mandatory, and it is not dependent on whether the property has been remediated, if the buyer specifically asks, or if directed by the brokerage. Post-purchase disclosure or omitting information is not in line with the ethical obligations of a real estate salesperson in Ontario.

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