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 featuring multiple-choice questions. Enhance your understanding of real estate concepts and strategies to excel in your exam!

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!

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A buyer finds visible deficiencies after closing and demands fixes, arguing they weren't allowed a home inspection. What is their legal standing?

The buyer has a strong legal case against the salesperson and brokerage
The brokerage has been negligent for not mentioning inspection services
The buyer has a weak legal case due to an acknowledgment in the agreement
The salesperson and brokerage would be found negligent
The buyer can demand repairs if the deficiencies were misrepresented
The buyer can request mediation to resolve the issue

The correct answer is: The buyer has a weak legal case due to an acknowledgment in the agreement

In this scenario, the correct answer is C. The buyer has a weak legal case due to an acknowledgment in the agreement. When a buyer signs a purchase agreement without including a clause allowing for a home inspection or including a clause about the property being sold 'as-is,' they are acknowledging that they are accepting the property in its current condition. This acknowledgment limits the buyer's legal standing to demand fixes for visible deficiencies found after closing. It highlights the importance of carefully reviewing and understanding all clauses and conditions in a real estate agreement before signing to avoid potential disputes or legal challenges after closing. Options A, B, D, E, and F are incorrect because they do not accurately reflect the legal implications of the buyer's situation as described in the question.