Humber/Ontario Real Estate Course 4 Exam Practice

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Which component of a sales agreement acknowledges received signed copies?

  1. Signed Receipt

  2. Confirmation of Acceptance

  3. Approval of Agreement

  4. Receipt of Confirmation

  5. Acknowledgement

  6. Consent

The correct answer is: Acknowledgement

In a sales agreement, the component that acknowledges received signed copies is referred to as the "Acknowledgement." This part of the agreement serves as a confirmation that all parties involved have received and signed the necessary documents related to the transaction. It acts as a form of evidence that all parties are in agreement and have confirmed the receipt of the signed copies. The other options - Signed Receipt, Confirmation of Acceptance, Approval of Agreement, Receipt of Confirmation, and Consent - do not specifically address the act of acknowledging the receipt of signed copies in a sales agreement.

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