Ms. Lévesque has made a Promise to Purchase for a renovated bungalow in Sherbrooke, conditional on the results of a pre-purchase inspection. The inspection report uncovers significant issues with the foundation, estimated at $30,000 to repair. What is the most appropriate action for Ms. Lévesque's real estate broker to advise her?

Question: Ms. Lévesque has made a Promise to Purchase for a renovated bungalow in Sherbrooke, conditional on the results of a pre-purchase inspection. The inspection report uncovers significant issues with the foundation, estimated at $30,000 to repair. What is the most appropriate action for Ms. Lévesque's real estate broker to advise her?

Answer options: ✅ Advise Ms. Lévesque to sign a notice of non-satisfaction of the inspection condition, allowing her to withdraw her Promise to Purchase without penalty, and help her explore options like renegotiating the price or demanding repairs.

• Recommend Ms. Lévesque waive the inspection condition, as foundations can often be repaired later at her own expense.
• Suggest Ms. Lévesque directly contact the seller to negotiate a price reduction, bypassing the broker.
• Inform Ms. Lévesque that she is legally obligated to proceed with the purchase since the report simply identified issues, not a complete structural collapse.

Correct answer: Advise Ms. Lévesque to sign a notice of non-satisfaction of the inspection condition, allowing her to withdraw her Promise to Purchase without penalty, and help her explore options like renegotiating the price or demanding repairs.

Explanation: When an inspection condition is included in a Promise to Purchase, and significant issues are found, the buyer has the right to declare the condition not satisfied, as per OACIQ forms and standard practice. The broker must advise the buyer on their options, which typically include withdrawing the offer, renegotiating the price, or requesting the seller perform repairs.