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.

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Which document is required to be signed before a salesperson can represent a buyer?

Listing agreement.
Confirmation of cooperation and representation.
Buyer representation agreement.
Offer to purchase.

The correct answer is: Buyer representation agreement.

A buyer representation agreement is the document that is required to be signed before a salesperson can represent a buyer. This agreement outlines the terms and conditions of the relationship between the buyer and the real estate agent. It specifies the obligations of both parties, such as the agent's duty to act in the best interests of the buyer and the buyer's commitment to work exclusively with that agent for a specified period. This agreement helps protect both the buyer and the agent by establishing a clear understanding of their roles and responsibilities throughout the buying process. In contrast: - A listing agreement is a contract between a seller and a real estate agent. - Confirmation of cooperation and representation is a form used to confirm the working relationship between real estate brokerages. - An offer to purchase is a document that outlines the buyer's proposal to purchase a property but does not establish the formal relationship between the buyer and the salesperson representing them.