Humber/Ontario Real Estate Course 4 Exam Practice

What should a salesperson consider regarding ensuring the legibility of a contract?

1. Need not be concerned because the buyer and seller reached a mutual agreement, even if the paperwork is somewhat illegible.

2. Should follow the Code of Ethics requirement and use his best effort to ensure that the agreement between the parties is legible.

3. Should inform both buyer and seller that he will call their respective lawyers and answer any questions about illegible portions of the agreement.

4. Only needs to ensure that an agreement is in writing, not necessarily legible.

5. Can rely on verbal agreements to clarify any points of the contract.

6. Should revise the agreement once mutual understanding is achieved.

The correct answer is: Should follow the Code of Ethics requirement and use his best effort to ensure that the agreement between the parties is legible.

The correct answer emphasizes the importance of professionalism and ethical responsibility in real estate transactions. A salesperson has a duty to ensure that all written agreements are clear and legible, as this affects the understanding and enforceability of the contract between the buyer and seller. Following the Code of Ethics is integral to maintaining trust and clarity in business dealings, ensuring that both parties fully comprehend the terms and conditions of the contract. When the agreement is difficult to read or understand, it poses significant risks, including potential disputes or misunderstandings about the agreement's terms. By ensuring legibility, the salesperson upholds a standard that protects both parties' interests and facilitates a smoother transaction process. This focus on clarity reflects best practices in the real estate industry, aligning with the principles of transparent and effective communication.