Humber/Ontario Real Estate Course 4 Exam Practice

Which is the correct statement about following conservation authority rules?

1. The buyer must verify all requirements independently.

2. Disclosure is mandatory only for buyer clients.

3. Conservation authority approvals are typically granted and need no mention.

4. Salespeople should disclose all relevant building permit regulations.

5. Seller instructions to withhold information should be followed.

6. Detailed permit requirements should be provided only if requested.

The correct answer is: Salespeople should disclose all relevant building permit regulations.

Conservation authority rules and building permit regulations can differ depending on the area and type of property. Therefore, it is important for salespeople to disclose all relevant building permit regulations to clients in order to ensure that the property is in compliance with these regulations. This helps to protect both the buyer and seller, and avoids any potential legal issues. Option A is incorrect because it is important for both the buyer and seller to ensure that all requirements are met, not just the buyer. Option B is incorrect because disclosure is mandatory for all clients, not just buyer clients. Option C is incorrect because conservation authority approvals are not always granted and may require additional steps to obtain. Option E is incorrect because salespeople have a legal duty to disclose all relevant information to clients, even if instructed by the seller to withhold it. Option F is incorrect because detailed permit requirements should always be provided, not just when requested.