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.

Whose responsibility is it to re-inspect the property just before closing?

Is defined in the property inspection clause in the purchase agreement.
Must be within three business days before closing.
Is decided upon negotiation between the buyer and seller during the offer period.
Normally allows a home inspector to review the property again and check for issues.
Is a standardized requirement under REBBA regulations.
Is the buyer's obligation under typical sale conditions.

The correct answer is: Is decided upon negotiation between the buyer and seller during the offer period.

The responsibility to re-inspect the property just before closing is decided upon through negotiation between the buyer and seller during the offer period. This process allows both parties to discuss and agree on any terms related to the final inspection before the transaction is completed. This negotiation ensures that both the buyer and seller have a clear understanding of their roles and expectations regarding the property inspection just before the closing date. Options A, B, D, and F are incorrect because they do not accurately reflect the collaborative and negotiable nature of the re-inspection process between the buyer and seller as part of the offer negotiations. Option E is also incorrect as there is no standardized requirement under REBBA regulations specifically regarding this re-inspection responsibility.