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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When completing the Title Search clause in an offer, what does it indicate if the space for present use is left blank?

The seller is not making any declaration regarding use and the buyer must determine this at his own expense.
The seller is confirming that the present use of the property as a single-family home can be lawfully continued.
The salesperson has made a mistake and should have inserted the current zoning.
The salesperson must include both the present use and the R4 zoning.

The correct answer is: The seller is confirming that the present use of the property as a single-family home can be lawfully continued.

When completing the Title Search clause in an offer, if the space for present use in the title search is left blank, it indicates that the seller is confirming that the present use of the property as a single-family home can be lawfully continued. This means that the seller is not making any specific declaration regarding use and is essentially confirming that the existing use of the property complies with zoning bylaws and can be continued as a single-family home. This information is crucial for the buyer to understand that the property can be legally used in the same manner as it currently is. It's important for the buyer to verify the present use independently, but in this case, the seller is acknowledging that the current use is lawful.