Humber/Ontario Real Estate Course 2 Exam Practice

If Seller Miller wants to make a counter offer after rejecting an initial offer, what should he do?

1. Counter offers must be made using a counter offer form.

2. Change the price and the irrevocable clause if amending the original agreement to counter offer.

3. Make a counter offer by amending the original offer, changing (at minimum) the price and the irrevocable clause.

4. Only counter offers made in writing are valid.

5. Reject all terms of the initial offer and propose entirely new terms.

6. Accept terms, then renegotiate through discussion.

The correct answer is: Make a counter offer by amending the original offer, changing (at minimum) the price and the irrevocable clause.

In this case, Option C is the correct answer because when a seller wants to make a counter offer after rejecting an initial offer, they should make a counter offer by amending the original offer, changing at least the price and the irrevocable clause. This process is crucial for clearly indicating to the buyer the changes the seller is proposing to the initial offer. By amending the original offer and making specific changes like adjusting the price and irrevocable clause, both parties involved are aware of the terms being renegotiated, ensuring transparency and clarity in the negotiation process. Options A, B, D, E, and F are incorrect because they either do not fully address the necessary steps to make a proper counter offer or suggest alternative methods that may not align with standard practice or legal requirements in Ontario real estate transactions.