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 statement is accurate regarding the data sheets used in real estate listings?

Data sheets are required for all real estate boards statewide.
Rental equipment listed should only include items such as appliances.
The legal description should be verified by an original document before listing it.
The age of the property must be noted on the data sheet for every listing.
Data sheets are optional for private sales.
Property dimensions should be approximated if not available.

The correct answer is: The legal description should be verified by an original document before listing it.

The statement regarding the data sheets used in real estate listings that is accurate is that "The legal description should be verified by an original document before listing it." This is important because the legal description of a property is a crucial detail that should be accurate and verified to avoid any potential legal issues or discrepancies. It is essential to ensure that the legal description matches the original document precisely to provide accurate information to potential buyers. Regarding the other options: - Option A is incorrect because data sheets requirements can vary depending on the real estate board and location. - Option B is too narrow in its scope as rental equipment can include more than just appliances. - Option D may not always be necessary or relevant for every listing as not all sellers may know or disclose the exact age of the property. - Option E is inaccurate as data sheets are not limited to just private sales. - Option F is misleading as property dimensions should be accurately stated, whether exact or approximated and not guessed.