Humber/Ontario Real Estate Course 4 Exam Practice

When listing a remote, lakefront cottage property, which source should you avoid for verifying material facts?

1. Confirm if recent renovations comply with the Ontario Building Code.

2. Obtain bacterial analysis results of the well water from the previous year.

3. Validate the seller-provided documentation regarding a shared dock.

4. Verify title documents for any easements or rights-of-way.

5. Consult local zoning laws and regulations.

6. Review environmental assessments for the area.

The correct answer is: Obtain bacterial analysis results of the well water from the previous year.

When assessing which source to avoid for verifying material facts when listing a remote, lakefront cottage property, relying solely on bacterial analysis results of the well water from the previous year may not provide the most current information. Well water quality can fluctuate significantly, influenced by seasonal changes, environmental factors, and maintenance practices. Therefore, a report from the previous year may not accurately reflect the current conditions of the water supply, which is crucial for the health and safety of potential buyers. Conversely, confirming that renovations comply with the Ontario Building Code ensures that safety standards are met, validating seller-provided documentation on shared docks clarifies any potential usage concerns for prospective buyers, verifying title documents helps identify any legal issues regarding easements or rights-of-way, consulting local zoning laws ensures that property use regulations are adhered to, and reviewing environmental assessments provides insights on environmental risks associated with the property. All these actions contribute to a comprehensive understanding of the property and its compliance with legal and safety standards, which is essential when dealing with real estate transactions.