Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam. Study with challenging questions and detailed explanations to enhance your understanding. Get ready to excel in your exam!

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What is necessary for an agent to confirm before advising buyer clients?

The potential rental income from the property.
The property’s conformance with municipal zoning laws.
The market trend for the same type of property.
The opinions of local estate agents.
The historical significance of the area.
The economic forecast for the region.

The correct answer is: The property’s conformance with municipal zoning laws.

Confirming a property's conformance with municipal zoning laws is essential for an agent advising buyer clients because zoning laws dictate how a property can be used and developed. These laws can significantly impact the potential for investment, future use, and even resale value. If a property does not conform to the relevant zoning regulations, buyers might face restrictions on their intended use, which could lead to costly legal issues or the inability to utilize the property as they wish. Understanding zoning laws also helps the agent provide clients with informed recommendations about their purchase, ensuring clients are aware of any potential limitations or obligations. Considering the implications of zoning can protect clients from making a poor investment choice or facing unexpected challenges after the purchase is complete. This focus directly supports the buyer’s interests and aligns with the agent's responsibility to provide comprehensive advice.