Humber/Ontario Real Estate Course 4 Exam Practice

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Why is it crucial to verify the zoning of a property before finalizing a transaction?

To determine property taxes.
To ensure it’s being used as intended legally.
To assess the neighborhood vibe.
To calculate potential renovation costs.
To confirm previous ownership details.
To check homeowner association rules.

The correct answer is: To ensure it’s being used as intended legally.

Verifying the zoning of a property before finalizing a transaction is essential primarily to ensure that the property is being used as intended and complies with local laws and regulations. Zoning laws dictate how a property can be used, and they specify permitted uses, restrictions, and requirements that must be adhered to. For instance, if a buyer intends to operate a business in a residentially zoned area, they would need to know that such use is prohibited. Discovering zoning irregularities after a purchase can lead to significant legal and financial repercussions, including the potential for fines or forced compliance actions to alter the property's use. Thus, confirming zoning helps protect the buyer's investment and assures that they can legally use the property in accordance with their plans. While other aspects such as property taxes and homeowner association rules are important considerations in real estate transactions, zoning explicitly relates to the legality of property use and is critical to avoid potential violations and restrictions that could hinder the buyer's objectives.