Humber/Ontario Real Estate Course 2 Exam Practice

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Salesperson Jamal is representing a seller client. Which of these findings from his research would NOT be considered a material fact?

  1. Living space measurement significantly different from seller’s belief.

  2. Basement in-law suite not a legally compliant accessory apartment.

  3. Neighbor's deck encroachment issue unresolved.

  4. Lot dimensions shown on a previous listing are accurate.

  5. Property taxes are higher than seller’s previous belief.

  6. Existing liens on the property are not disclosed by the seller.

The correct answer is: Lot dimensions shown on a previous listing are accurate.

In this scenario, the finding that lot dimensions shown on a previous listing are accurate would NOT be considered a material fact. Material facts are pieces of information about a property that could influence a buyer's decision-making process. In this case, if the lot dimensions match what was previously listed, it would not be considered something that could significantly impact a buyer's decision as it aligns with the expectations set by the previous listing. Therefore, this finding is not considered material in the context of this scenario. On the other hand, options A, B, C, E, and F all involve discrepancies or issues that could materially impact a buyer's decision-making process when purchasing a property.

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