Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam with our comprehensive quiz. Dive into engaging practice questions that will enhance your understanding and readiness for the test. Elevate your confidence and get ready to ace your exam!

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What should a seller do when a building permit was not obtained for an addition, yet minimal roof sag is observed?

Both the lack of a building permit and the minor roof sag need not be disclosed as they are patent defects.
The minor roof sag need not be disclosed if there have been no issues since construction.
The defects are not material since the property is habitable.
The situation includes material latent defects as they affect property enjoyment and legal classification.
The defects need not be disclosed as the seller completed construction themselves.
The lack of a building permit is the only issue that needs disclosure.

The correct answer is: The situation includes material latent defects as they affect property enjoyment and legal classification.

In this scenario, the correct answer is D because the situation involves material latent defects that affect property enjoyment and legal classification. A building permit not being obtained for an addition indicates a breach of regulations and can have serious repercussions if not rectified. Additionally, the observed minor roof sag can be an indication of potential structural issues which may worsen over time, impacting the property's value and safety. Therefore, both the lack of a building permit and the minor roof sag should be disclosed to potential buyers to ensure transparency and avoid any legal complications in the future. Options A, B, C, E, and F are incorrect because they do not consider the potential seriousness of the situation. Failing to disclose these defects may lead to legal issues and a loss of trust between the buyer and seller.