Humber/Ontario Real Estate Course 4 Exam Practice

What is the function of a home inspector from a buyer’s perspective?

1. To confirm the condition of a property before purchase.

2. To forecast future property values.

3. To assist owners in marketing improvements.

4. To provide verbal reports about the property's value.

5. To negotiate lower purchase prices.

6. To comply with building regulations.

The correct answer is: To confirm the condition of a property before purchase.

The primary function of a home inspector from a buyer's perspective is to confirm the condition of a property before purchase. This involves a comprehensive examination of the home's structure, systems, and components, including the roof, plumbing, electrical systems, and more. By providing a detailed report on the property's current condition, the home inspector helps the buyer identify any potential issues or areas that may need repairs or improvements. This information is crucial for buyers as it allows them to make informed decisions regarding their investment. Understanding the condition of the property can influence the buyer's offer, help them plan for future repairs, or even lead them to reconsider the purchase if significant problems are found. The other options do not accurately reflect the role of a home inspector. Forecasting future property values is typically the domain of real estate appraisers and market analysts. Assisting owners in marketing improvements relates to real estate agents or staging professionals, while verbal reports about a property's value are not typically provided by inspectors, who focus on condition rather than value. Negotiating lower purchase prices generally falls to real estate agents, and compliance with building regulations is the responsibility of builders and contractors rather than inspectors conducting property assessments for sale.