Humber/Ontario Real Estate Course 1 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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!

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!

Practice this question and more.

When Safety Inspector Prentice suspects an abandoned oil tank while showing a rural bungalow, what should the buyer require?

The abandoned oil tank should be itemized as a fixture in the agreement of purchase and sale.
The abandoned oil tank must stay after the sale.
The buyer can be assured that the seller will cover any clean-up costs.
The buyer should require that the seller remove the tank before closing and show compliance with environmental standards.

The correct answer is: The buyer should require that the seller remove the tank before closing and show compliance with environmental standards.

When Safety Inspector Prentice suspects an abandoned oil tank while showing a rural bungalow, the buyer should require that the seller remove the tank before closing and show compliance with environmental standards. This is the correct course of action because abandoned oil tanks can pose environmental risks, including leaks that can contaminate the soil and groundwater. By insisting that the seller removes the tank before closing and provides evidence of compliance with environmental standards, the buyer ensures that any potential hazards are properly addressed before taking ownership of the property. This proactive approach protects the buyer from inheriting any environmental liabilities associated with the abandoned oil tank.