Humber/Ontario Real Estate Course 2 Exam Practice

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Which date does NOT need to be included in an agreement of purchase and sale?

  1. The conditional date.

  2. The offer date.

  3. The irrevocable date.

  4. The title search date.

  5. The closing date.

  6. The adjustment date.

The correct answer is: The conditional date.

In an agreement of purchase and sale, it is important to include specific dates to outline the timeline and conditions of the transaction. The conditional date, irrevocable date, title search date, closing date, and adjustment date are all crucial dates that need to be included in the agreement. However, the offer date does not necessarily need to be explicitly included in the agreement as it is usually implied by the act of presenting the offer. The offer date marks the starting point of the negotiation process and is not a date tied to specific conditions or milestones within the agreement itself.

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