Ontario Real Estate Licensing Exam Practice · Question
When a salesperson is working with a buyer who is interested in a rural residential property, what specific disclosure obligation does the salesperson have regarding the water source, assuming it's a well?
Salespersons have a duty to advise clients on all matters that may impact their enjoyment of the property. For a well, advising a buyer to obtain a professional
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Question: When a salesperson is working with a buyer who is interested in a rural residential property, what specific disclosure obligation does the salesperson have regarding the water source, assuming it's a well?
Answer options: ✅ To advise the buyer to include an inspection condition related to the well's potability and yield in the offer.
- To simply confirm that the property has a well as a source of water.
- To provide a copy of the well drilling record from the local municipality.
- To guarantee the quality and quantity of the well water for the buyer.
Correct answer: To advise the buyer to include an inspection condition related to the well's potability and yield in the offer.
Explanation: Salespersons have a duty to advise clients on all matters that may impact their enjoyment of the property. For a well, advising a buyer to obtain a professional inspection for potability and yield is crucial due to potential health and functionality issues, which are material to a rural property. This aligns with a salesperson's duty to provide competent service under REBBA 2002.
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