Humber/Ontario Real Estate Course 4 Exam Practice

What must a salesperson ensure when attaching an additional schedule to an agreement of purchase and sale?

1. Include only the buyer's name and property address.

2. Ensure details match those on the first page of the agreement.

3. Include only the buyer's name and closing date.

4. Only include dates of offer and acceptance.

5. Include property dimensions.

6. Include only the seller's name and closing date.

The correct answer is: Ensure details match those on the first page of the agreement.

A salesperson must ensure that the details on the additional schedule match those on the first page of the agreement to maintain clarity and consistency. This alignment helps avoid confusion or disputes regarding the terms of the transaction. Ensuring that names, property details, and any specific terms match prevents potential legal issues and ensures that all parties have a clear understanding of their rights and obligations. Matching the details is essential, as an inconsistency could lead to arguments about the terms of the sale or misinterpretations of the agreement. For example, if the property address or the buyer's name differs between the main agreement and any attached schedules, it could create confusion or complicate the closing process. In contrast, options that suggest including limited information, focusing only on names or dates without the broader context of the agreement, do not ensure the comprehensive clarity required for a legally binding contract. Thus, the emphasis on matching details is crucial for a successful transaction.