Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam with our comprehensive quiz that covers essential concepts and topics. Enhance your understanding with multiple choice questions designed to test your knowledge and boost your confidence before the exam.

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During a real estate transaction, who typically negotiates the specifics of a buyer re-inspecting the property?

Municipality Housing Department.
Property Appraisal Board.
The purchasing lawyer.
The initial property inspector.
Buyer and seller during initial offer negotiations.
Buyer's main contractor.

The correct answer is: Buyer and seller during initial offer negotiations.

During a real estate transaction, it is typically the buyer and seller who negotiate the specifics of a buyer re-inspecting the property. This negotiation usually takes place during the initial offer negotiations. The municipality housing department and property appraisal board are not typically involved in these negotiations. The purchasing lawyer is involved in legal aspects of the transaction but would not typically handle the specifics of a re-inspection. The initial property inspector may be contacted again for a re-inspection but is not in charge of negotiating the specifics. The buyer's main contractor is not typically responsible for negotiating re-inspection specifics in a real estate transaction.