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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What must a buyer consider before finalizing the purchase of a property with an unknown zoning designation?

Check with the local zoning office.
Assume the current use is permitted.
Rely on the seller’s word.
Request documents after the purchase.

The correct answer is: Check with the local zoning office.

The correct response emphasizes the importance of verifying the zoning designation directly with the local zoning office before completing a property purchase. Checking with local zoning authorities is essential because they provide the most accurate and current information pertaining to zoning regulations, permitted uses, and any restrictions that may affect the buyer's intended use of the property. This due diligence step protects the buyer from possible issues related to land use that could arise after the purchase, such as being unable to carry out planned developments or face zoning violations. Understanding the zoning designation is crucial because it determines how a property can be used and any future development possibilities. By confirming this information directly, the buyer ensures compliance with local laws, thereby safeguarding their investment and minimizing future legal or financial complications.