Humber/Ontario Real Estate Course 1 Exam Practice

If a surveyor produces a Real Property Report, it is most likely required for which scenario?

1. A city planning application

2. A mortgage refinancing application

3. Assessing commercial property value

4. Confirming residential property boundaries

5. Preparing a new road construction project

6. Determining municipal zoning changes

The correct answer is: Confirming residential property boundaries

In real estate, a Real Property Report is typically required when confirming residential property boundaries. This document outlines the property's boundaries, structures, and improvements on the land. It is commonly used during transactions to ensure that the property lines are accurate and there are no boundary disputes. Options A, C, E, and F are most likely not scenarios where a Real Property Report would be required. A city planning application would focus on zoning and land use regulations, commercial property value assessment would involve a different type of report, new road construction projects would require land surveys but not necessarily a Real Property Report, and municipal zoning changes would also involve different considerations. Therefore, the correct answer is confirming residential property boundaries because a Real Property Report is specifically useful in verifying the boundaries of residential properties.