Humber/Ontario Real Estate Course 1 Exam Practice

Buyer Jamieson makes several statements to his spouse when looking at a home. Which of these statements is NOT correct?

1. I really like the built-in bookcase in the study and want to include it as a chattel in the purchase agreement.

2. The free-standing refrigerator isn't listed as included, so it must be an excluded chattel.

3. If this is the right home for us, I want to ensure the antique dining room fixture is included to avoid confusion.

4. Any chattel not listed as included should be clarified with the seller during negotiations.

5. We should assume all chattels remain unless specifically excluded in the agreement.

6. Discussing the inclusion of specific fixtures prevents misunderstandings at closing.

The correct answer is: I really like the built-in bookcase in the study and want to include it as a chattel in the purchase agreement.

Option A is not correct because built-in bookcases are considered fixtures, not chattels. Fixtures are items that are attached to the property and are therefore included in the sale unless specifically excluded in the purchase agreement. Chattels, on the other hand, are movable personal property items that are not permanent fixtures of the property. In this case, since the built-in bookcase is attached to the property, it is considered a fixture and not a chattel. Therefore, the correct statement would be to address fixtures rather than chattels in the purchase agreement to clarify inclusion or exclusion.