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 should a salesperson ask for a corroborating document about a home repair?

  1. Always regardless of the repair type

  2. Only if the repair is not visible

  3. Only if the repair cost exceeds a certain limit

  4. If there might be warranty issues

  5. If the repair was done by a professional

  6. If the repair affects the valuation of the home

The correct answer is: If the repair affects the valuation of the home

When a salesperson should ask for a corroborating document about a home repair is when the repair affects the valuation of the home. This is crucial because repairs that impact the value of the property can have a significant influence on the sale price and overall transaction. By requesting a corroborating document for repairs that affect valuation, the salesperson can ensure transparency and provide accurate information to potential buyers. This helps in building trust and credibility in the transaction. Regarding the other options: - Asking for a corroborating document always, regardless of the repair type (Option A), may not be necessary for repairs that do not have a direct impact on the property value. - Requiring a corroborating document only if the repair is not visible (Option B) may overlook repairs that are not visible but still affect the property's value. - Asking for a corroborating document only if the repair cost exceeds a certain limit (Option C) may not consider the significance of the repair on the property valuation. - Requesting a corroborating document if there might be warranty issues (Option D) is important but not directly linked to the impact on the home's valuation. - Inquiring about a corroborating document if the repair was done by a professional (Option E) is essential for quality assurance but may not directly relate to the repair's impact on the property value.