Humber College Real Estate Course 1 Practice Exam 2026 - Free Real Estate License Practice Questions and Study Guide

The purpose of a home inspection is to assess the condition of a property before purchase. This evaluation typically involves a thorough examination of the home's structure, systems, and components, such as plumbing, electrical, roofing, and appliances. The goal is to identify any current issues or potential future problems that could affect the value or safety of the home. By providing this detailed analysis, a home inspection allows prospective buyers to make informed decisions, negotiate repairs, or reconsider their purchase based on the findings.

Setting the asking price of the home is typically not within the scope of a home inspection, as pricing is usually determined by market analysis and comparable sales data. Similarly, a home inspection does not relate to determining property tax rates, as tax assessments are based on various factors, including market value and local tax regulations. Additionally, while neighborhood safety can be a concern for buyers, it is typically evaluated through other means, such as crime statistics and community feedback, rather than through the home inspection process itself.