Humber/Ontario Real Estate Course 4 Exam Practice

If an offer is accepted, who is responsible for communicating acceptance back to the offeror?

1. The listing agent

2. The selling agent

3. The buyer

4. The seller's attorney

5. The buyer's attorney

6. The mortgage broker

The correct answer is: The listing agent

The responsibility for communicating acceptance of an offer back to the offeror typically falls to the listing agent. In real estate transactions, the listing agent represents the seller and is tasked with managing communications concerning the property, including negotiations and formal acceptance of offers. Once the seller has accepted an offer, the listing agent will ensure that this acceptance is communicated promptly to the buyer's agent (or directly to the buyer if applicable), thereby facilitating the continuation of the transaction process. Other parties mentioned, such as the selling agent, buyer, or attorneys, might play roles in the process but do not have the primary responsibility for conveying the acceptance of an offer. The selling agent represents the buyer but does not communicate acceptance unless instructed to do so by the seller. The buyer or their attorney can be involved in discussions and negotiations, but the formal communication regarding acceptance is a duty of the listing agent.