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.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Which factor is unnecessary to disclose according to the Code of Ethics?

Seller motivation
Property zoning
Known encroachments
Material defects

The correct answer is: Seller motivation

According to the Code of Ethics, real estate agents are required to disclose certain information to ensure transparency and fairness in real estate transactions. Seller motivation is not typically a factor that needs to be disclosed. Seller motivation refers to the reasons why a seller is selling their property, such as financial issues, divorce, or relocation. While understanding seller motivation can be helpful in negotiating a deal, it is not considered crucial information that must be disclosed to potential buyers. On the other hand, property zoning, known encroachments, and material defects are all significant factors that must be disclosed to buyers as they directly impact the property's value, use, and potential liabilities.