Humber/Ontario Real Estate Course 2 Exam Practice

What should a clause regarding the condition of a swimming pool and equipment include?

1. A statement that the seller’s representation and warranty survives and does not merge on closing

2. Protection for potential future pool issues

3. Assurance that the pool is in working order based on a recent inspection

4. Proof of previous maintenance and repairs

5. A stipulation that the pool is a selling feature of the property

6. A liability waiver for the seller

The correct answer is: A statement that the seller’s representation and warranty survives and does not merge on closing

In a clause regarding the condition of a swimming pool and equipment, it is essential to include a statement that the seller's representation and warranty survive and do not merge on closing. This is crucial because it ensures that the seller remains responsible for any misrepresentations or issues related to the swimming pool and equipment even after the closing of the sale. By including this provision, the buyer is protected in case any problems with the pool arise post-closing. Options B, C, D, E, and F are not as essential as option A when it comes to protecting the buyer's interests in the context of a clause regarding the condition of a swimming pool and equipment. While protection for potential future pool issues, assurance of the working order based on a recent inspection, proof of previous maintenance and repairs, a stipulation about the pool being a selling feature, and a liability waiver for the seller may have their importance in other aspects of a real estate transaction, they are not directly related to ensuring that the seller remains accountable for any misrepresentations or issues specifically regarding the swimming pool and equipment post-closing.