Humber/Ontario Real Estate Course 3 Exam Practice

What action should a buyer take if concerned about water well quality?

1. Consult zoning regulations

2. Seek expert advice and condition the offer accordingly

3. Ask the seller's opinion

4. Conduct a light inspection

5. Accept the seller’s verbal assurance

6. Neglect further inquiry

The correct answer is: Seek expert advice and condition the offer accordingly

When a buyer is concerned about the quality of a water well, seeking expert advice and conditioning the offer accordingly is the most prudent course of action. This approach allows the buyer to gather reliable information regarding the water quality from qualified professionals, such as well inspectors or water quality experts, who can conduct tests and provide an accurate assessment. Conditioning the offer refers to including specific contingencies related to the findings about the well water quality. This protects the buyer by allowing them to withdraw or renegotiate the offer if the well does not meet acceptable standards. It ensures that the buyer is informed and can make a decision based on factual data rather than assumptions or incomplete information. Consulting zoning regulations, asking the seller's opinion, conducting a light inspection, accepting the seller’s verbal assurance, or neglecting further inquiry all fall short compared to the thoroughness of seeking expert advice. These actions may not provide the necessary assurance or protection a buyer needs in a transaction involving a water well. They either rely on potentially biased information or lack adequate investigation into the water quality itself.