Humber/Ontario Real Estate Course 4 Exam Practice

Which question should be asked regarding an accessory apartment in a property listed for sale?

1. Were the construction permits issued?

2. Who was the first tenant?

3. When was the apartment completed?

4. Was an electrical inspection conducted?

5. Is there a separate address for the unit?

6. What is the estimated rental income?

The correct answer is: Who was the first tenant?

Asking about who the first tenant was does not provide relevant information regarding the legal and functional status of an accessory apartment. Understanding the details around its construction, inspections, compliance with local regulations, and its financial viability are far more critical for potential buyers evaluating the property. The most pertinent questions focus on legal and structural aspects, such as whether the construction permits were issued, if inspections were conducted, or if there is a separate address for the unit. In particular, knowing if construction permits were issued is vital because it indicates whether the accessory apartment was built in compliance with local zoning and building regulations. Similarly, an electrical inspection is crucial to ensure safety standards have been met. Finally, having a separate address for the unit could be important for legal recognition and utility billing. All these factors contribute to the potential legality, safety, and utility of the accessory apartment, making them more relevant queries for prospective buyers.