Humber/Ontario Real Estate Course 4 Exam Practice

When must a seller property information statement (SPIS) be made available?

1. Only when the listing salesperson thinks it is necessary

2. Unconditionally to all potential buyers.

3. Upon request, unless the seller instructs otherwise.

4. Every time a showing is scheduled

The correct answer is: Upon request, unless the seller instructs otherwise.

The correct answer is C. Upon request, unless the seller instructs otherwise. The seller property information statement (SPIS) is a form that provides detailed information about the property being sold. In Ontario, the SPIS is typically completed by the seller and is voluntary. The SPIS does not have to be automatically provided to potential buyers but must be made available to them if they request it. However, the seller has the right to instruct that the SPIS not be provided to potential buyers, in which case the listing salesperson must adhere to the seller's instructions. Options A, B, and D are incorrect because the SPIS does not have to be provided unconditionally, automatically, or every time a showing is scheduled. The key point is that it should be made available upon request, unless the seller has specified otherwise.