Humber/Ontario Real Estate Course 2 Exam Practice

What step should a buyer take if planning to change a property’s zoning?

1. Include a condition allowing time for a re-zoning application.

2. Assume re-zoning is automatically approved.

3. Leave the zoning condition out of the agreement to speed up the process.

4. File for a building permit without mentioning zoning.

5. Consult the current property owner about potential for zoning changes.

6. Submit a zoning application post-purchase.

The correct answer is: Include a condition allowing time for a re-zoning application.

The correct step a buyer should take if planning to change a property's zoning is to include a condition in the agreement that allows time for a re-zoning application. This option highlights the importance of due diligence and proper planning when it comes to changing a property's zoning to ensure a smooth and legally compliant process. By including a condition in the agreement that allows time for a re-zoning application, the buyer can protect themselves by ensuring that they have the opportunity to apply for a change in zoning if needed. This approach also provides clarity and transparency to all parties involved in the transaction. In contrast, the other options are not advisable. For instance, assuming re-zoning is automatically approved (Option B) is risky and can lead to legal complications. Leaving the zoning condition out of the agreement (Option C) can result in delays and potential conflicts between the buyer and seller. Filing for a building permit without mentioning zoning (Option D) is not recommended as it may lead to violations and legal issues. Consulting the current property owner about potential zoning changes (Option E) may not provide accurate or unbiased information. Lastly, submitting a zoning application post-purchase (Option F) can lead to uncertainties and possible obstacles in changing the property's zoning status.