Humber/Ontario Real Estate Course 4 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 4 Exam with our comprehensive practice tests. Study with flashcards and multiple-choice questions, complete with hints and detailed explanations. Achieve success on your real estate licensing journey!

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For seller property disclosures, one should:

Always use automated valuation methods.
Ensure full transparency regarding known defects.
Never include past repair records.
Only disclose information if the buyer asks.
Conceal minor issues that do not affect property value significantly.
Document disclosures verbally rather than in writing.

The correct answer is: Ensure full transparency regarding known defects.

The recommendation to ensure full transparency regarding known defects is aligned with ethical real estate practices and legal requirements. Transparency in seller property disclosures helps to foster trust between the seller and the buyer. By openly sharing information about known defects, the seller can prevent any potential legal issues that could arise from undisclosed problems after the transaction has completed. This not only protects the buyer's interests but also helps the seller avoid disputes or claims of misrepresentation. Providing complete and honest disclosures supports the integrity of the real estate process and helps buyers make informed decisions about their potential investment. Full transparency is also encouraged in many jurisdictions to comply with disclosure laws, which often demand that sellers reveal any material defects that could affect a buyer's decision to purchase the property.