Humber/Ontario Real Estate Course 2 Exam Practice 2025 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 1300

Whose responsibility is it to re-inspect the property just before closing?

Is defined in the property inspection clause in the purchase agreement.

Must be within three business days before closing.

Is decided upon negotiation between the buyer and seller during the offer period.

The responsibility to re-inspect the property just before closing is decided upon through negotiation between the buyer and seller during the offer period. This process allows both parties to discuss and agree on any terms related to the final inspection before the transaction is completed. This negotiation ensures that both the buyer and seller have a clear understanding of their roles and expectations regarding the property inspection just before the closing date.

Options A, B, D, and F are incorrect because they do not accurately reflect the collaborative and negotiable nature of the re-inspection process between the buyer and seller as part of the offer negotiations. Option E is also incorrect as there is no standardized requirement under REBBA regulations specifically regarding this re-inspection responsibility.

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Normally allows a home inspector to review the property again and check for issues.

Is a standardized requirement under REBBA regulations.

Is the buyer's obligation under typical sale conditions.

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