Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Course 2 Exam with our comprehensive practice tests. Study with flashcards, multiple choice questions, and detailed explanations to ensure you are ready for exam day!

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Which one correctly describes material facts?

General details observable to most sellers.
Must be proven with documentation.
Only disclosed items by the seller.
Unique details pertinent to each transaction.

The correct answer is: Unique details pertinent to each transaction.

Material facts are unique details that are significant and can impact a real estate transaction. These facts are specific to each transaction and are important for both buyers and sellers to know in order to make informed decisions. This is why option D correctly describes material facts. In contrast, the other options do not fully capture the essence of material facts.