Humber/Ontario Real Estate Course 4 Exam Practice

Which statement is true about the Confirmation of Acceptance date in the agreement of purchase and sale?

1. The Confirmation of Acceptance date must be completed by the seller.

2. The Confirmation of Acceptance date is the same as the date(s) inserted in the Acknowledgement.

3. The Confirmation of Acceptance date need not include the time of day if the date is included.

4. The Confirmation of Acceptance date can be the same as the date(s) in the Acknowledgements but does not need to be.

5. The Confirmation of Acceptance date must follow the offer date.

6. The Confirmation of Acceptance date should include the full name of the brokerage.

The correct answer is: The Confirmation of Acceptance date can be the same as the date(s) in the Acknowledgements but does not need to be.

The Confirmation of Acceptance date can indeed coincide with the date(s) recorded in the Acknowledgements, but it is not a requirement for them to match. This flexibility allows the parties involved in the agreement to finalize terms without being constrained to have those dates align precisely. The Confirmation of Acceptance date serves to indicate when the seller accepted the offer, while the Acknowledgement section serves to register the understanding of the parties on certain agreed terms. Therefore, having the dates be the same is a possibility but not a necessity, which supports the correctness of the assertion made in the chosen answer. The other statements do not accurately represent the nuances of the Confirmation of Acceptance date as it pertains to the agreement of purchase and sale. For example, while the Confirmation of Acceptance date is significant in indicating acceptance, it is not solely completed by the seller, nor is it required to include the time of day if the date is included, as is often acceptable in practice. Moreover, the timing in relation to the offer date might vary based on negotiations and circumstances, and the inclusion of detailed brokerage names falls under different formalities that do not directly pertain to the essence of the Confirmation of Acceptance date.