Humber/Ontario Real Estate Course 2 Exam Practice

How should a salesperson handle a property with a history of contamination that has been remediated?

1. Do not disclose past contamination if the issue was resolved.

2. Disclose the information only if asked by the buyer.

3. Disclose only if the brokerage recommends it.

4. Always disclose under the REBBA Code of Ethics.

5. Provide information after the sale is completed.

6. Wait until final inspections before disclosure.

The correct answer is: Always disclose under the REBBA Code of Ethics.

A salesperson should always disclose past contamination that has been remediated under the REBBA Code of Ethics. By disclosing this information, the salesperson ensures transparency and honesty in the transaction, therefore fulfilling their ethical obligations to the buyer. This approach helps build trust between the parties involved and avoids any potential legal issues in the future. The other options are incorrect as they do not prioritize full disclosure and transparency, which are crucial aspects of ethical real estate practices. It is important for a salesperson to prioritize disclosure in these situations to protect both the buyer and themselves from any future complications.