Humber/Ontario Real Estate Course 4 Exam Practice

Prospective buyer Ken is interested in a 40-year-old cottage where the current owner installed a wood stove by himself several years back. Ken should:

1. Advise against buying the property because of potential problems with the stove

2. Include a warranty clause from the owner about the wood stove's trouble-free history

3. Make the offer conditional on expert inspection and approval of the wood stove

4. Include a clause that requires inspection by a certified member of the WSAB

5. Request a breakdown of the installation process from the seller

6. Seek to renegotiate the offer

The correct answer is: Make the offer conditional on expert inspection and approval of the wood stove

Making the offer conditional on expert inspection and approval of the wood stove is a prudent approach for prospective buyer Ken. Given that the wood stove was installed by the current owner without professional oversight, there may be concerns regarding its safety, code compliance, and overall functionality. Having an expert inspect the wood stove allows Ken to gain valuable insights into its condition and informs him of any potential risks associated with its use, such as improper installation, potential hazards, or maintenance issues. This condition enables Ken to make an informed decision about proceeding with the purchase. If the inspection reveals significant issues, he can negotiate repairs or reconsider the offer based on this new information. This option emphasizes the importance of due diligence when purchasing property, especially one with potentially unverified installations like a DIY wood stove. It highlights the necessity for thorough assessments to protect Ken's investment and ensure his safety, addressing concerns that a casual inspection may overlook.