Humber/Ontario Real Estate Course 2 Exam Practice

When filling out a data sheet for a property listing, what should be included?

1. OREA standardized living area measurements must be adhered to.

2. No need to confirm zoning, as it's the buyer's responsibility.

3. Special tax assessments must be provided.

4. Room sizes can be taken from past listings.

The correct answer is: Special tax assessments must be provided.

When filling out a data sheet for a property listing, it is important to include all relevant and accurate information for potential buyers. Special tax assessments must be provided because this information may significantly impact the buyer's decision-making process and their overall financial commitment to the property. By including special tax assessments on the data sheet, the buyer can have a clear understanding of any additional costs associated with the property, ensuring transparency and clarity in the transaction. Options A, B, and D are incorrect: A. OREA standardized living area measurements are not mandatory but can be used as a reference. It is essential to provide accurate measurements, but strict adherence to OREA standardized measurements is not required. B. It is the seller's responsibility to confirm zoning compliance. Real estate professionals should provide as much relevant information as possible, including zoning details, to assist buyers in making informed decisions. D. Room sizes should be accurately measured and recorded for the current listing, rather than being taken from past listings, to ensure that buyers have up-to-date information about the property.