Humber/Ontario Real Estate Course 1 Exam Practice

If a seller wishes to retain a built-in fixture, what must be done at the time of the sale?

1. The item must be visible to the buyer during property viewing.

2. The item must be listed as an exclusion in the purchase and sale agreement.

3. The item must be considered a chattel.

4. The item must not be the main one used in the home.

The correct answer is: The item must be listed as an exclusion in the purchase and sale agreement.

When a seller wishes to retain a built-in fixture, such as a built-in refrigerator or a chandelier, it is crucial to list the item as an exclusion in the purchase and sale agreement. This is the correct procedure to ensure that both parties are aware of the seller's intention to keep the fixture. By specifically mentioning the built-in fixture as an exclusion in the agreement, all parties involved are clear on what is included and what is not included in the sale of the property. Options A, C, and D do not accurately address the necessary steps to be taken when a seller wishes to retain a built-in fixture. Option A focuses on the visibility of the item during property viewing, which is not the crucial step to address the situation. Option C mentions considering the item as a chattel, but in this case, if the seller wishes to keep the fixture, it should be clearly stated as an exclusion. Option D talks about the importance of the item not being the main one used in the home, but this is not a determining factor in the situation described in the question.