Humber/Ontario Real Estate Course 3 Exam Practice

Which action is essential for a buyer before closing on a property?

1. Reviewing the final walkthrough report carefully to ensure all agreed-upon repairs are completed.

2. Connecting all utilities to the new property a month in advance.

3. Securing a storage unit for temporary storing personal items.

4. Renting a moving truck for relocating personal belongings.

5. Notifying their current landlord at least 60 days before move-out.

6. Ensuring that their pet has necessary vaccinations.

The correct answer is: Reviewing the final walkthrough report carefully to ensure all agreed-upon repairs are completed.

Reviewing the final walkthrough report carefully to ensure all agreed-upon repairs are completed is essential for a buyer before closing on a property because it serves as a crucial check that the property is in the expected condition. This final inspection provides an opportunity for the buyer to confirm that any repairs or modifications requested during the negotiation process have been adequately completed by the seller. It also allows the buyer to ensure that no new issues have arisen since the last viewing of the property. Successfully addressing these concerns prior to closing can prevent disputes and ensure the buyer's confidence in their purchase, ultimately contributing to a smoother transaction. The other options, while they could be related to the moving process, do not hold the same critical importance in the context of closing on a property. Connecting utilities in advance, securing storage, renting a moving truck, notifying a landlord, or preparing a pet for the move are logistical steps that can enhance the moving experience but do not directly affect the successful completion of the property purchase itself. Therefore, option A stands out as the most crucial action that directly impacts the buyer's interests at closing.