Humber/Ontario Real Estate Course 4 Exam Practice

To ensure buyer Dixon can handle any insurance issues for an old house, what condition should be considered?

1. Investigate potential zoning issues related to insurance.

2. Do not include any insurance-related conditions in the agreement.

3. Include a condition to check the legality of the wiring.

4. Consult an insurance expert without delay.

5. Get proper advice from a zoning specialist.

6. Suggest a properly-worded condition in the agreement for adequate investigation time.

The correct answer is: Suggest a properly-worded condition in the agreement for adequate investigation time.

In order to ensure that buyer Dixon can address any insurance issues related to an old house, it is crucial to have a properly-worded condition in the agreement that allows for adequate investigation time. Including a condition in the agreement for sufficient time to investigate insurance-related matters will provide buyer Dixon the opportunity to conduct a thorough assessment of the property's insurance status and address any potential issues that may arise. This approach ultimately helps protect buyer Dixon's interests and ensures that they are well-equipped to handle insurance matters related to the old house. Options A, C, D, and E are not directly related to insurance issues and do not address the specific concern of handling insurance matters for an old house. A zoning specialist may not be directly relevant to insurance issues. It is important to focus on including a condition in the agreement that specifically addresses the insurance-related concerns for the old house.