Humber/Ontario Real Estate Course 1 Exam Practice

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When a salesperson relies on a seller's three-year-old survey for a rural, residential property listing, what is a correct practice regarding the accuracy of the survey details?

  1. The salesperson can be confident in the survey if it's within five years

  2. The survey should not be relied upon if it is a copy and lacks the original seal

  3. A survey provided by the seller should never be used

  4. The survey is unreliable for properties over one acre without a reference plan

The correct answer is: The survey should not be relied upon if it is a copy and lacks the original seal

A seller's three-year-old survey for a rural residential property listing is a significant consideration, particularly regarding its accuracy and validity. Relying solely on a survey that is a copy and does not have the original seal raises concerns about the authenticity and reliability of the data presented. The seal typically indicates that the survey has been officially verified and conforms to the standards set by surveying associations or regulatory bodies, ensuring its legitimacy. Without the original seal, the salesperson may face challenges in substantiating the survey's details, which could affect the integrity of the information given to potential buyers and lead to disputes later on. Therefore, it's important to use surveys that are properly authenticated to ensure accurate property representations. The other options lack the necessary caution that comes with handling property surveys. A survey’s age is just one factor, and while a survey within five years might generally be acceptable, it’s not a guarantee of accuracy if other conditions aren’t met (such as having the original seal). Moreover, stating that a survey provided by the seller should never be used ignores the possibility of valid seller-provided documentation, and the claim about properties over one acre needing a reference plan overlooks the context in which surveys are valid. Thus, verifying the survey's authenticity and original status is