A buyer is considering a new house from a small company that advertises homes for sale in a rural subdivision. Under s. 37 of the New Home Construction Licensing Act, 2017, what must the company hold before it may offer to sell a new home?
Correct Answer
A) A vendor licence issued by the Home Construction Regulatory Authority
Section 37(1) of the New Home Construction Licensing Act, 2017 says no person may act as a vendor, offer to sell a new home or sell one unless licensed as a vendor, and s. 37(2) requires a builder licence to construct a new home. The Home Construction Regulatory Authority (HCRA) licenses and regulates new home builders and vendors, and buyers can check the Ontario Builder Directory.
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