Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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A seller who knowingly assures the buyer of no contamination when there is serious contamination present is guilty of:

Innocent misrepresentation
Intentional nondisclosure
Negligent misrepresentation
Unilateral mistake
Fraudulent misrepresentation
Accidental omission

The correct answer is: Fraudulent misrepresentation

A seller who knowingly assures the buyer of no contamination when there is serious contamination present is guilty of fraudulent misrepresentation. In this scenario, the seller is intentionally deceiving the buyer by providing false information regarding the property's condition. Fraudulent misrepresentation occurs when there is a deliberate intent to mislead or deceive the other party, which is the case in this situation. It is crucial for real estate professionals to be honest and forthcoming about all material facts when representing a property to prevent any legal consequences or disputes.