### What is corrective work in real estate terms? - [x] Repairs that a potential buyer demands after issues are discovered during a home inspection - [ ] Cosmetic improvements chosen by the new homeowner - [ ] Home renovations carried out by the seller before listing the property - [ ] Regular maintenance performed by homeowners > **Explanation:** Corrective work refers to the home repairs that a potential buyer demands after issues are discovered during either a specialized or general home inspection. This typically includes important structural or foundational fixes but usually does not cover cosmetic issues. ### During a home buying process, who typically pays for the home inspection that may lead to a potential corrective work? - [x] The potential buyer - [ ] The seller - [ ] The real estate agent - [ ] The lender > **Explanation:** The potential buyer generally pays for the home inspection to ensure that there are no hidden problems with the property. This inspection helps the buyer decide whether to negotiate further with the seller for corrective work. ### What kind of home issues are typically subjects of corrective work? - [x] Foundational issues - [x] Structural integrity problems - [ ] Cosmetic issues like paint color - [x] Major plumbing or electrical issues > **Explanation:** Corrective work usually focuses on significant issues that affect the home's structural integrity or major systems, such as foundational problems or major plumbing and electrical issues. Cosmetic issues are generally a matter for the buyer to address after purchasing the home. ### Who generally arranges and pays for corrective work after it is agreed upon? - [x] The seller - [ ] The potential buyer - [ ] The home inspector - [ ] The real estate agent > **Explanation:** If the seller agrees to conduct corrective work after a inspection reveals major issues, typically, the seller arranges and pays for these repairs to fulfill the buyer’s demands. ### What type of issues might a seller agree to make corrective work on? - [x] Issues of home integrity - [ ] Issues of personal taste - [ ] Cosmetic issues - [x] Foundational issues > **Explanation:** Sellers usually agree to corrective work on issues that affect the home’s integrity, such as foundational problems. Cosmetic problems, which are subjective and often minor, are generally the responsibility of the buyer to address after purchase. ### What can a potential buyer do if significant issues are found during a home inspection? - [x] Ask the seller to arrange for corrective work - [ ] Demand a reduction in the purchase price - [ ] Opt to buy the home in its current condition - [x] Cancel the purchase agreement > **Explanation:** If significant issues are identified during a home inspection, the potential buyer has several options including asking for corrective work, negotiating a price reduction, buying the home as-is, or even canceling the purchase agreement based on the inspection contingency. ### How does corrective work impact the home buying process? - [x] It can lead to negotiation between buyer and seller - [ ] It provides an automatic discount on the home price - [ ] It enables buyers to select their own contractors for repairs - [ ] It hastens the closing process > **Explanation:** Discovery of home issues that require corrective work can lead to further negotiations between the buyer and seller to agree on what repairs will be made before the sale is finalized. ### When is corrective work generally NOT demanded by buyers? - [ ] When foundational issues are present - [x] When only minor cosmetic issues are found - [x] When the buyer is purchasing the property as-is - [ ] When structural integrity problems are present > **Explanation:** Buyers typically do not demand corrective work for minor cosmetic issues, or when they intend to purchase the property as-is, recognizing that they will address any issues themselves post-purchase. ### What can be a reason for a seller to refuse corrective work on the home? - [ ] The buyer is paying for the home inspection - [ ] The seller does not like the buyer - [x] The issues found are strictly cosmetic - [ ] There are foundational problems > **Explanation:** Sellers might refuse to conduct corrective work if the issues identified are strictly cosmetic. Cosmetic issues are generally a matter of personal preference and are left for the buyer to address after purchasing the home. ### What is not typically included in standard home inspections? - [ ] Foundation check - [x] Comprehensive pest inspection - [ ] Structural integrity assessment - [ ] Electrical system review > **Explanation:** Standard home inspections cover aspects like foundation, structural integrity, and major systems such as electrical and plumbing. However, comprehensive pest inspections usually require a specialized inspector and are not typically included in standard home inspections.