Humber/Ontario Real Estate Course 3 Exam Practice

If a buyer is seriously considering a property and is advised that a water quality test was done six months ago with satisfactory results, what should the buyer do?

1. The buyer can rely on this previous test and it is not necessary to do any further testing.

2. The seller should retest the well.

3. The buyer may rely on the seller's test, but must also personally conduct a visual inspection of the well to ensure that no ground contamination (e.g., water runoff) is occurring.

4. The buyer should include a condition in the offer relating to water testing.

5. The buyer should assume the test is still valid and proceed with the purchase.

6. The buyer should ask for a copy of the previous test results for personal records.

The correct answer is: The buyer should include a condition in the offer relating to water testing.

Including a condition in the offer relating to water testing is essential for ensuring the buyer's peace of mind and protecting their investment. While previous test results may provide some insight, water quality can change over time due to various factors such as environmental changes, contamination risks, or well maintenance issues. By including this condition, the buyer is taking a proactive approach that allows them to verify the water quality before finalizing the transaction. Conducting a new water test will provide the most accurate and recent data regarding the property’s water supply. This condition also empowers the buyer to back out of the transaction or negotiate further if the new test results reveal any issues, offering crucial protection in the buying process. This option reflects a prudent and responsible approach to purchasing real estate, especially in areas where water quality could significantly impact health and safety. Other options do not emphasize the necessity for updated information nor the buyer's protection as effectively as including a condition for testing in the offer.