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.

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What must be done if there's a complaint about defective wiring in a property for sale?

Report the issue to the local authority only
Ignore if it hasn't been resolved for a long time
Disclose the defect to prospective buyers
Wait until an offer is made
Fix the issue and offer a discount
Keep it from interested buyers

The correct answer is: Disclose the defect to prospective buyers

If there is a complaint about defective wiring in a property for sale, the correct course of action is to disclose the defect to prospective buyers. In real estate transactions, it is essential to provide full disclosure of any known issues with the property to ensure transparency and honesty with potential buyers. By disclosing the defect, buyers can make informed decisions and assess the situation before deciding to proceed with the purchase. This practice helps to build trust between all parties involved in the transaction and reduces the risk of legal issues arising from non-disclosure.