Humber/Ontario Real Estate Course 2 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

What should a seller do if they reveal there's an underground storage tank on the listed property?

The seller needs to contact the Technical Standards and Safety Authority (TSSA) for current compliance.
The property cannot be sold unless the tank is removed.
The tank must be removed if it is no longer in use.
The salesperson should refuse to list the property.
Disclose the details in the property listing immediately.
Tank verification should be included in the purchase agreement.

The correct answer is: The seller needs to contact the Technical Standards and Safety Authority (TSSA) for current compliance.

If a seller reveals the presence of an underground storage tank on the listed property, the correct course of action is for the seller to contact the Technical Standards and Safety Authority (TSSA) for current compliance. This is essential because underground storage tanks can pose environmental and safety risks if not managed properly. By contacting the TSSA, the seller can ensure that the tank meets all relevant regulations and standards, protecting both the environment and potential buyers. Options B, C, D, E, and F are incorrect because they do not address the necessary steps to ensure compliance with regulations and standards regarding underground storage tanks. While disclosing the presence of the tank is important (option E) and tank verification can be included in the purchase agreement (option F), contacting the TSSA for current compliance (option A) is the primary action that should be taken in this situation.