Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam with our practice quizzes. Study using multiple-choice questions complete with hints and explanations. Ace your exam with confidence!

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For a new resale buyer, which cost typically arises from a title insurance company’s protection?

Previous unpermitted home additions
Unpaid home fire insurance premiums
Future mortgage payment defaults
Required right-of-way over adjacent properties
Past unpaid utility bills
Discrepancies in home square footage

The correct answer is: Previous unpermitted home additions

Title insurance typically protects a buyer against issues such as previous unpermitted home additions. This type of protection ensures that the buyer will not be held responsible for any undisclosed or unknown defects in the title of the property, such as unpermitted improvements. The other options listed do not directly relate to the type of protection that title insurance offers for a new resale buyer.