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.

What must a brokerage disclose to a buyer client about a property previously used as an illegal grow house?

Must be disclosed to a buyer client viewing the property.
Need not be disclosed to the potential buyer, unless the previous use is widely known in the community.
Need only be disclosed if the client specifically asks about whether or not the property has been used for such an operation.
Is not a relevant point of discussion with a buyer customer, if any visual evidence of the previous operation have been eliminated and new carpets laid throughout.
It should be disclosed to the brokerage when the property is listed.
Does not need to be disclosed unless local regulations specifically require it.

The correct answer is: Must be disclosed to a buyer client viewing the property.

The correct choice highlights the obligation for a brokerage to disclose to a buyer client that a property has previously been used as an illegal grow house. This is important because such a use can carry implications related to health, safety, legal issues, and property value. The history of a property, especially one with negative or illegal connotations, should be fully transparent to potential buyers to enable informed decision-making. Disclosing this information maintains ethical standards in real estate practices and protects the brokerage from claims of misrepresentation or non-disclosure. It's essential that buyers are aware of any issues that could affect their enjoyment of the property or lead to unforeseen costs or legal complications in the future. The other options present scenarios that do not uphold the same level of transparency. Suggesting that disclosure is unnecessary unless the previous use is common knowledge undermines the buyer's right to make an informed decision. Similarly, stating that disclosure is required only if specifically asked minimizes the brokerage's proactive duty to provide important information. The implication that visual evidence can suffice for omitting disclosure also fails to consider the broader legal and reputational ramifications for the buyer. Transparency is critical in maintaining trust and integrity in real estate transactions.