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!

Practice this question and more.

Which of the following statements is correct regarding a seller's obligations to complete a property information form?

The seller is required to complete the form as mandated by local real estate regulations.
The seller's concerns are valid, as the form involves disclosures beyond legal requirements.
The seller must complete the form, but only buyers making offers can view it.
The seller must complete the form to ensure the agent can represent her effectively.

The correct answer is: The seller's concerns are valid, as the form involves disclosures beyond legal requirements.

The correct answer is B because the statement accurately recognizes that the property information form covers disclosures beyond legal requirements. Sellers are indeed obligated to provide accurate and complete information about the property being sold, including any known defects or issues that could affect its value or desirability. This form serves to protect both the seller and the buyer by ensuring transparency and reducing the risk of legal issues arising after the sale. It is essential for sellers to disclose all relevant information to potential buyers to facilitate an informed decision-making process.