Humber/Ontario Real Estate Course 3 Exam Practice

In a resale home, how should an ornate dining room chandelier be handled in the agreement of purchase and sale?

1. Included as a chattel

2. Included as taxable

3. Must be included in the sale

4. Excluded if considered a family heirloom

5. Must be listed in the fixtures list

6. Included and taxed separately

The correct answer is: Excluded if considered a family heirloom

To understand how to properly handle an ornate dining room chandelier in a resale home agreement, it is essential to identify the nature of the chandelier itself—whether it is a fixture or a chattel. In real estate, a fixture is typically an item that is permanently attached to the property, whereas a chattel is a movable piece of personal property. If the chandelier is considered a family heirloom and has sentimental value, the seller might not intend to include it in the sale of the property. This viewpoint aligns with the option about excluding it from the sale on these grounds. However, in many cases, unless explicitly stated otherwise, fixtures such as chandeliers are generally included in the sale of the property. If it is a sophisticated or valuable item, buyers usually expect it to come with the home unless there's an indication that it should be excluded, especially if mentioned by the seller in the agreement. This highlights the importance of clear communication between buyers and sellers regarding what is included in the sale. In practice, if the chandelier holds particular significance to the seller due to its familial importance, the seller might decide to retain it and feasibly exclude it from the sale, supporting the rationale behind the chosen answer. The other options relate to different scenarios regarding the