75 Hour Broker Pre Licensing Practice Test 2025 – All-in-One Guide to Master Your Exam Preparation!

Question: 1 / 820

Which document confirms that a property meets necessary inhabitability standards?

Certificate of reasonable value

Certificate of occupancy

The document that confirms a property meets necessary inhabitability standards is the certificate of occupancy. This certificate is issued by a local government authority and signifies that a building is compliant with all building codes and regulations, ensuring that it is safe for occupants to live in. It typically verifies that the construction has been completed according to the approved plans and that all required inspections have been passed.

The certificate of occupancy is crucial for both residential and commercial properties, as it protects future owners or tenants by ensuring that the structure is habitable. Without this certificate, a property cannot legally be occupied, which emphasizes its importance in the real estate process and in ensuring safety standards.

Other documents, such as the certificate of reasonable value, chain of title, and certificate of title, serve different purposes related to valuation, ownership, and historical ownership records, but do not specifically address the inhabitability standards of a property.

Get further explanation with Examzify DeepDiveBeta

Chain of title

Certificate of title

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy