Humber/Ontario Real Estate Course 1 Exam Practice

Regarding real estate salesperson responsibility for non-compliance with building standards, which is true?

1. Must visually inspect all structures for compliance

2. A building permit should be verified before proceeding with transactions

3. Non-compliance falls on the buyer post-closing

4. Can assume compliance if the seller states it meets Ontario Building Code

5. No responsibility to verify compliance if buyer agrees

The correct answer is: A building permit should be verified before proceeding with transactions

The correct answer is B. A building permit should be verified before proceeding with transactions. It is crucial for real estate salespersons to ensure that building permits are in place and verified before moving forward with any transactions involving the sale of a property. This helps to guarantee that the property complies with building standards and regulations, protecting both the buyer and the seller from potential legal issues in the future. Options A, C, D, and E are incorrect because they do not reflect the proper protocol for ensuring compliance with building standards. Visual inspections alone may not be sufficient to confirm compliance. Non-compliance cannot simply fall on the buyer post-closing, and assuming compliance based on the seller's statement or neglecting verification of compliance is not advisable in real estate transactions. It is essential to verify the building permit status to uphold ethical and legal responsibilities as a real estate salesperson.