Humber/Ontario Real Estate Course 2 Exam Practice

Which of the following expenses would a seller NOT likely face when selling their home?

1. Capital gains tax on a second home.

2. Cost of a new survey when required by the buyer.

3. Discharge penalty for an existing mortgage.

4. Home staging fees.

5. Legal fees for the sale.

6. Marketing and advertising costs.

The correct answer is: Cost of a new survey when required by the buyer.

When selling a home, the seller is typically not responsible for the cost of a new survey when required by the buyer. The buyer usually pays for any surveys they require as part of their due diligence process. In contrast, the seller commonly incurs expenses such as capital gains tax on a second home if applicable, discharge penalty for an existing mortgage, home staging fees, legal fees for the sale, and marketing and advertising costs to promote the property. Therefore, option B is the correct choice as it is not an expense the seller is likely to face during the selling process.