Humber/Ontario Real Estate Course 4 Exam Practice

When dealing with suspicious transactions, which of the following is NOT a typical sign?

1. Client interested in submitting cash for closing

2. Payments from international accounts

3. Multiple properties bought with little regard

4. One-time property inspection before purchase

The correct answer is: One-time property inspection before purchase

In the context of identifying suspicious transactions in real estate, a one-time property inspection before purchase does not typically raise red flags. Property inspections are standard practice in real estate transactions, providing necessary information about the property's condition and ensuring that the buyer is making an informed decision. On the other hand, the other options mentioned are commonly associated with suspicious activities. For instance, a client wanting to submit cash for closing could indicate an attempt to evade scrutiny or regulatory requirements, as cash transactions leave less paper trail. Payments from international accounts can also be seen as a potential sign of money laundering or fraudulent behavior, especially if they are not easily traceable. Lastly, multiple properties being bought without due consideration might suggest a strategy to rapidly acquire assets without regard to legitimate investment practices, which could indicate suspicious intent. In this way, the one-time property inspection stands apart as a usual and expected part of the buying process, lacking the inherent implications of wrongdoing present in the other scenarios.