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.

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!

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What is the responsibility of a brokerage when listing a property previously known as an illegal grow house?

Ensure that the information is disclosed to the potential buyer.
Unanimously decide if the property's history should be communicated.
Leave out past negative property use disclosures unless evident damage exists.
Include information only when requested by the buyer.
Inform only if the property fails an environmental inspection.
Disclose unless it has been renovated to show no past use signs.

The correct answer is: Ensure that the information is disclosed to the potential buyer.

When listing a property previously known as an illegal grow house, the responsibility of the brokerage is to ensure that this information is disclosed to potential buyers. This is crucial for transparency and to provide buyers with all relevant information they need to make an informed decision about purchasing the property. By disclosing this information, the brokerage upholds ethical standards in real estate transactions and prevents potential disputes or legal issues in the future. The other options are not correct because they either suggest withholding crucial information from potential buyers or placing conditions on disclosure that are not in line with ethical real estate practices. By choosing option A, the brokerage acts in the best interest of both the buyer and seller by providing full transparency regarding the property's history as an illegal grow house.