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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Which document is pivotal in defining a broker-client relationship?

Representation agreement
Purchase agreement
Service agreement
Inspection report
Mortgage contract
Title deed

The correct answer is: Representation agreement

The correct answer is the representation agreement. A representation agreement is a crucial document that outlines the terms and conditions of the relationship between a real estate broker and a client. It specifies the obligations and responsibilities of both parties, including services to be provided, fees, and any exclusivity agreements. This document is essential in establishing the legal framework for the relationship and protecting the interests of both the broker and the client. The other options - purchase agreement, service agreement, inspection report, mortgage contract, and title deed - are important documents in real estate transactions but do not specifically define the broker-client relationship.