Humber/Ontario Real Estate Course 2 Exam Practice

When representing Buyer Watson on the purchase of a single-family home, which is correct regarding the clause about chattels and fixtures?

1. The 'represents and warrants' clause drafted by the salesperson is only applicable to structural matters and not appliances.

2. The Buyer is not adequately protected by this clause because it doesn't include a waiver.

3. The buyer should arrange a pre-closing inspection to ensure the appliances are in good working order, as this clause only protects the buyer until the closing.

4. If one of the appliances fails to be operational for a reasonable time after closing, the seller will be responsible for its repair.

The correct answer is: The buyer should arrange a pre-closing inspection to ensure the appliances are in good working order, as this clause only protects the buyer until the closing.

When representing Buyer Watson on the purchase of a single-family home, it is important to understand the clause about chattels and fixtures. The correct statement is that the buyer should arrange a pre-closing inspection to ensure the appliances are in good working order, as this clause only protects the buyer until the closing. This is because the chattels and fixtures clause typically only covers the condition of these items at the time of closing. Option A is incorrect because the 'represents and warrants' clause drafted by the salesperson usually covers more than just structural matters; it can also pertain to chattels and fixtures. Option B is not the best choice because the buyer can still be protected by the clause even without a waiver. The key lies in understanding the scope and limitations of the protection offered. Option D is inaccurate because the responsibility for the repair of operational appliances after closing usually falls on the buyer, unless otherwise stipulated in the agreement. Therefore, the most appropriate statement is that the buyer should conduct a pre-closing inspection to ensure the appliances are in good working order as the protection provided by the clause ends at closing.