Humber/Ontario Real Estate Course 3 Exam Practice

Which of the following must a seller disclose during the sale of a property?

1. Presence of a gun safe.

2. Recent repairs to the drywall.

3. A known plumbing issue.

4. Neighbor complaints about noise.

The correct answer is: A known plumbing issue.

In the context of real estate transactions, sellers have a legal obligation to disclose certain information that may affect a buyer's decision to purchase a property. The presence of a known plumbing issue is a significant concern because it directly impacts the condition and safety of the home. A plumbing issue can lead to water damage, mold growth, and other costly repairs, making it critical for potential buyers to be aware of such problems before making a purchase. Disclosures related to known issues like plumbing are often mandated by laws and regulations to ensure transparency and protect buyers. Buyers need to understand the condition of the property to make informed decisions and avoid unexpected expenses after the sale. On the other hand, items like the presence of a gun safe or recent repairs to drywall may not necessarily require disclosure unless they affect the value of the property or imply a hidden issue. Complaints from neighbors about noise, while potentially relevant, typically fall outside the seller's obligation to disclose and are often considered subjective opinions rather than factual deficiencies of the property itself.