Humber/Ontario Real Estate Course 4 Exam Practice

What should a listing data sheet include when preparing it?

1. Standardized living area measurements from OREA

2. Zoning details, as the buyer needs to verify them

3. Any special tax assessments

4. The owner's property disclosures only

5. Permissible room size measurements from a previous listing

6. Comparable property data

The correct answer is: Any special tax assessments

The inclusion of any special tax assessments in a listing data sheet is crucial as it provides potential buyers with transparency about additional financial obligations that may affect the property's overall costs. This information can directly influence a buyer's decision-making process, as special assessments can indicate upcoming expenses or improvements that may impact property value or taxes. While other details like standardized living area measurements, zoning details, and permissible room size measurements can be relevant in specific contexts, the obligation to disclose any special tax assessments is particularly critical for ensuring that buyers are fully aware of their financial responsibilities. Additionally, the requirement for the owner's property disclosures is vital, but it covers a different aspect of ownership and potential property issues. The relevance of comparable property data is more related to market analysis rather than direct property condition or financial obligations. In summary, including special tax assessments on the listing data sheet ensures that buyers are informed about all associated costs, further supporting their overall understanding and decision-making regarding the property.