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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Which of the following would NOT be considered a material fact from a buyer's perspective?

The existence of mould in a home.
A 60-amp electrical panel.
The size of the lot; i.e., lot dimensions.
An easement that has been removed and no longer applies to the property.

The correct answer is: An easement that has been removed and no longer applies to the property.

A material fact is any information about a property that could reasonably be expected to have an influence on the decision of a buyer. In this case, the existence of an easement that has been removed and no longer applies to the property would not be considered a material fact from a buyer's perspective because it no longer has any impact on the property or its value. The removal of the easement has resolved any concerns or implications it may have had for a potential buyer. Therefore, option D is the correct answer in this scenario. On the other hand, options A, B, and C would be considered material facts from a buyer's perspective. The existence of mould in a home (option A) can significantly affect the health and safety of occupants, a 60-amp electrical panel (option B) may not meet the electrical needs of modern households, and the size of the lot (option C) can affect potential future development or use of the property.