Humber/Ontario Real Estate Course 3 Exam Practice

What is the correct action for a salesperson regarding unnoticed property issues during a buyer's home inspection?

1. Can offer a cash incentive since it is not addressed by regulations.

2. Cannot induce anyone to falsify real estate transaction information.

3. Should not be present during the home inspection.

4. Is allowed to make such an offer in the seller's interest.

5. Can provide incentive as it is for a minor, non-visible defect.

6. Should provide a list of observed issues to the buyer.

The correct answer is: Cannot induce anyone to falsify real estate transaction information.

The action that aligns best with ethical practices in real estate is to not induce anyone to falsify real estate transaction information. This is crucial because integrity and transparency are foundational to building trust in real estate transactions. Salespersons must ensure that all information disclosed during the home inspection is truthful and reflects the actual condition of the property, even if certain issues go unnoticed during the inspection process. By adhering to this principle, the salesperson upholds their professional responsibilities and legal requirements. Options that involve incentives or offers related to property defects may lead to unethical practices, as they could suggest misleading strategies to conceal or downplay issues. It's essential for salespeople to avoid any actions that could be interpreted as deceptive or that might mislead the buyer in any way. Therefore, maintaining honesty and not encouraging any form of misrepresentation is critical to a successful real estate transaction.