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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When is it appropriate to include a conditional clause verifying insurability?

Only if the buyer requests it
Only for properties located in flood zones
When based on the age, condition, and location of the property
When the seller demands it
Always a requirement regardless of property details
If the property is within city limits

The correct answer is: When based on the age, condition, and location of the property

Including a conditional clause verifying insurability is appropriate when it is based on the age, condition, and location of the property. This clause ensures that the buyer can obtain insurance for the property, which is crucial for protecting their investment. Factors such as the age of the property, its condition, and where it is located can impact insurability and potential insurance costs. Therefore, it is essential to include this clause to address any potential insurance issues that may arise based on these property details.