Humber/Ontario Real Estate Course 4 Exam Practice

What is generally recommended when a buyer's agent observes light staining and other unusual signs in a property?

1. Inform the buyer that the property has a potential drug-related issue.

2. Discuss findings with the buyer and suggest an appropriate action plan.

3. Contact the local authority immediately for further investigation.

4. Conduct a thorough private investigation into property's history.

5. Ignore the findings and proceed with the sale without mentioning.

6. Consult with the property inspector for further clarification.

The correct answer is: Discuss findings with the buyer and suggest an appropriate action plan.

The recommendation to discuss findings with the buyer and suggest an appropriate action plan is essential for several reasons. Communication is key in real estate transactions, especially when unusual signs are present in a property. By discussing the observations, the buyer's agent ensures that the client is informed and can make educated decisions regarding the property. An appropriate action plan might include further investigations, hiring a professional inspector, or even walking away from the deal if the concerns are serious. This proactive and supportive approach helps maintain trust between the agent and the buyer, demonstrates due diligence in the agent's role, and ultimately contributes to a more transparent and ethical real estate practice. It's crucial that buyers feel confident and well-supported, especially when they encounter potential red flags in a property they're interested in.