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!

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.

If an inspection reveals minor issues not initially visible, who should be informed immediately?

The home inspector.
The listing agent.
The potential buyer.
The property's seller.
The seller's attorney.
The buyer's financing institution.

The correct answer is: The potential buyer.

The potential buyer should be informed immediately if an inspection reveals minor issues that were not initially visible. This is crucial because the buyer has a vested interest in the condition of the property and may need to reassess their decision based on the new information. Being informed allows the buyer to evaluate whether to proceed with the purchase, negotiate repairs, or adjust their offer based on the inspection findings. Timely communication regarding any issues discovered during an inspection is essential for maintaining transparency in the transaction process. The buyer deserves the opportunity to make informed decisions, and delay in relaying this information could lead to misunderstandings or complications later in the purchasing process. Understanding the state of the property fully is part of the due diligence that protects the buyer's investment and ensures that they are comfortable with the final decision they make regarding the property.