Humber/Ontario Real Estate Course 4 Exam Practice

What must Salesperson Abhay include on a title search agreement?

1. Clear zoning and use details

2. Accurate diagrammatic outline

3. Present condition descriptions

4. Future zoning permits

5. Historical assessments

6. Projected property value

The correct answer is: Clear zoning and use details

In a title search agreement, it is essential for Salesperson Abhay to include clear zoning and use details. This information is crucial as it helps identify the zoning classifications applicable to the property, which in turn dictates the permitted uses and any restrictions placed on it. Zoning and use details provide foundational insights that are vital for potential buyers or stakeholders to understand what can legally be done on the property, how it can be utilized, and the potential for future development or alterations. Including zoning details ensures that all parties are aware of the property’s status in relation to municipal regulations. It can also shed light on compatibility with surrounding land uses, which is key in evaluating the property's overall value and potential for investment or development. While the other options like accurate diagrammatic outlines or present condition descriptions may contain useful information, they do not provide the essential context regarding how the property can be used, which is fundamentally tied to its legal zoning status. Future zoning permits and historical assessments might be relevant in certain scenarios, but they are not as immediately pertinent as the current zoning and usage guidelines. Similarly, projected property value can fluctuate and is not a defining element that must be included in a title search agreement.