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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What should Step 2 of an offer plan include if Step 1 is summarizing the offer's math?

Have the buyer sign and initial on the appropriate pages.
Determine chattels, fixtures, and rental items.
Identify key dates such as the irrevocable and requisition dates.
Identify legal representatives for buyer and seller.

The correct answer is: Determine chattels, fixtures, and rental items.

In Step 2 of an offer plan, the important consideration is to determine chattels, fixtures, and rental items. This step ensures that all parties involved are clear on what items are included in the sale and what items will be removed or potentially negotiated separately. By determining chattels, fixtures, and rental items at this stage, both the buyer and the seller can avoid any misunderstandings or disputes later in the transaction. Options A, C, and D are incorrect because while having the buyer sign and initial on the appropriate pages, identifying key dates, and identifying legal representatives are important steps in the offer process, they are not specifically related to Step 2 of an offer plan which focuses on determining chattels, fixtures, and rental items.