Humber/Ontario Real Estate Course 2 Exam Practice

Which statement correctly outlines the purpose of a home inspection?

1. Home inspections typically provide detailed analysis regarding whether or not environmental contamination exists on the property.

2. A properly-documented home inspection includes compliance with electrical standards and building/fire codes.

3. Home inspections help to assess the overall condition of the property.

4. A typical home inspection provides a warranty that the physical condition of the property meets certain prescribed standards.

5. Home inspections are optional and provide no real benefit to the buyer.

6. They guarantee that the property meets all municipal zoning requirements.

The correct answer is: Home inspections help to assess the overall condition of the property.

The correct answer is C. Home inspections help to assess the overall condition of the property. A home inspection is a visual examination of the physical structure and systems of a home. It provides an evaluation of the property's condition, including the heating and cooling systems, plumbing, electrical work, roof, foundation, and general construction quality. The primary purpose of a home inspection is to inform the potential buyer about the current condition of the property, highlighting any potential issues or repairs that may be needed. This information is crucial for buyers to make informed decisions about their purchase. Option A is incorrect because a home inspection focuses on the physical condition of the property and may not specifically address environmental contamination unless it is visibly apparent during the inspection. Option B is incorrect because while a home inspection may identify issues related to compliance with some standards, it is not the primary purpose of the inspection. Option D is incorrect because a typical home inspection does not provide a warranty but rather a snapshot of the property's condition at the time of the inspection. Option E is incorrect as home inspections are generally recommended for buyers to uncover any potential issues with the property before completing the purchase. Option F is incorrect because a home inspection does not guarantee compliance with municipal zoning requirements, as it focuses on the physical condition of the property.