Humber/Ontario Real Estate Course 4 Exam Practice

What is a typical feature in a buyer's package?

1. A list of preferred sellers.

2. Various property listings.

3. Sales tactics from competing brokerages.

4. A random selection of home inspector names.

5. Common pitfalls when viewing properties.

6. Personal anecdotes from previous transactions.

The correct answer is: Common pitfalls when viewing properties.

A typical feature in a buyer's package would include common pitfalls when viewing properties. This information is vital for buyers as it helps them navigate potential issues they might encounter when viewing properties, enabling them to make informed decisions during the purchasing process. Providing buyers with knowledge about common pitfalls can help them avoid costly mistakes and ensure a smoother transaction overall. Options A, C, and F are incorrect as they do not align with the purpose of a buyer's package, which is primarily to assist buyers in making informed decisions when purchasing a property. Option B, various property listings, could be part of a buyer's package; however, the focus of the question is on a feature that helps buyers understand common pitfalls, making option E the most suitable choice. Option D, a random selection of home inspector names, is less likely to be a typical feature in a buyer's package compared to having information on common pitfalls when viewing properties.