Humber/Ontario Real Estate Course 1 Exam Practice

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What does a seller need to provide to satisfy a buyer's request for a current property survey?

  1. The property’s last transaction details

  2. An estimate of property taxes

  3. A survey showing lot dimensions and structures

  4. A legal description of the property

  5. A history of previous ownership

  6. A copy of utility bills

The correct answer is: A survey showing lot dimensions and structures

The correct answer is that a seller needs to provide a survey showing lot dimensions and structures. This document is crucial in real estate transactions as it provides a clear representation of the property’s boundaries, the location of any structures on the lot, and any easements or encroachments that may affect the property. Buyers typically rely on this information to ensure that they are fully aware of what they are purchasing, and to confirm that the property's physical characteristics match the legal description provided. In contrast, while the last transaction details, property tax estimates, legal descriptions, ownership history, and utility bill copies may be relevant in various contexts during a real estate transaction, they do not directly satisfy a request for a current property survey. The survey specifically addresses the buyer's concern about the precise dimensions and layout of the property, which is paramount in making an informed purchasing decision.

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