Humber/Ontario Real Estate Course 4 Exam Practice

Which step should be taken if there is a warranty clause for appliances before closing a property sale?

1. Repair any noted issues immediately post-closing.

2. Conduct a pre-closing inspection of the appliances.

3. Ensure the warranty is extended for a year post-closing.

4. Verify that the seller provides a maintenance record.

5. Include a waiver to strengthen the warranty clause.

6. Have the seller agree to replace failing appliances.

The correct answer is: Conduct a pre-closing inspection of the appliances.

Conducting a pre-closing inspection of the appliances is an important step because it allows the buyer to assess the condition and functionality of the appliances before the finalization of the sale. This proactive approach ensures that any issues are identified in advance, providing the buyer with an opportunity to address them with the seller, possibly negotiating repairs or adjustments to the sale agreement. The other actions, while relevant in certain contexts, do not directly address the potential issues related to appliance warranties before the sale is finalized. For example, repairing noted issues post-closing leaves the buyer with additional responsibilities and costs after the transaction is complete. Extending the warranty is beneficial but may not be feasible or necessary if the appliances are functioning well before closing. Similarly, verifying maintenance records or having the seller agree to replace appliances may be useful but does not provide the immediate reassurance that comes from assessing their current state firsthand through an inspection. Including a waiver to strengthen the warranty clause may also complicate the situation instead of clarifying the relationship regarding appliance condition prior to closing. Thus, the pre-closing inspection is the most straightforward and effective step in ensuring the appliances meet expectations before ownership is transferred.