Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam with our comprehensive quiz that covers essential concepts and topics. Enhance your understanding with multiple choice questions designed to test your knowledge and boost your confidence before the exam.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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After an agreement of purchase and sale, which details must be accurately recorded?

Buyer Brokerage asserts receipt of agreement
First signatory confirms acceptance
Initiator of the counter offer signs acknowledgement
Seller must always sign if offering counter-proposal

The correct answer is: First signatory confirms acceptance

After an agreement of purchase and sale, it is crucial that the first signatory confirms acceptance. This step is essential to ensure that there is a clear record of both parties' agreement to the terms of the contract. Without the first signatory confirming acceptance, the agreement may not be considered valid or legally binding. The other options mentioned focus on different aspects of the agreement process but do not directly address the need for the first signatory to confirm acceptance, making them incorrect in this context.