Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

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How should a salesperson handle it if the sellers no longer want to include the outdoor patio set in the agreement of purchase and sale with the buyers?

Alter the existing, accepted offer and have the buyer and seller initial the change.
Cancel the existing agreement and prepare a new offer that excludes the patio set.
Have the seller sign a counter offer that excludes the patio set.
Prepare a form to amend the agreement of purchase and sale accordingly and have both parties sign the amendment.

The correct answer is: Prepare a form to amend the agreement of purchase and sale accordingly and have both parties sign the amendment.

If the sellers no longer want to include the outdoor patio set in the agreement of purchase and sale with the buyers, the most appropriate course of action for the salesperson would be to prepare a form to amend the agreement of purchase and sale accordingly and have both parties sign the amendment. This option allows for a formal and documented alteration to the original agreement, ensuring that both the buyers and sellers are in agreement regarding the change. This process maintains transparency and clarity in the transaction, avoiding any misunderstandings or disputes in the future. Option A suggests altering the existing offer and having both parties initial the change. While this may seem like a viable option, preparing a formal form to amend the agreement provides a clearer and more professional approach to modifying the terms of the agreement. Option B suggests canceling the existing agreement and preparing a new offer that excludes the patio set. This option may not be necessary if both parties are in agreement about excluding the patio set and can simply amend the existing agreement. Option C suggests having the seller sign a counteroffer that excludes the patio set. While a counteroffer can be used in negotiations, in this case, a formal amendment to the existing agreement would be more appropriate to ensure all parties are clear on the changes being made.