Humber/Ontario Real Estate Course 2 Exam Practice

In practice, who typically signs the Confirmation of Acceptance first after an agreement is reached?

1. Buyer

2. First person to receive a copy of the accepted agreement

3. Person who signs the Acknowledgement

4. Seller initiating a counter offer

The correct answer is: Person who signs the Acknowledgement

In practice, the person who typically signs the Confirmation of Acceptance first after an agreement is reached is the person who signs the Acknowledgment. This is because the Acknowledgment is a crucial step in the process that confirms the receipt and understanding of the accepted agreement. Once the Acknowledgment is signed by the party, they would proceed to sign the Confirmation of Acceptance, indicating their formal acceptance of the terms of the agreement. It is important for the party signing the Acknowledgment to do so promptly to move forward with the transaction smoothly. Option A (Buyer) is not necessarily the first to sign the Confirmation of Acceptance, as it depends on the process followed after reaching an agreement. Option B (First person to receive a copy of the accepted agreement) may not necessarily be the one to sign the Confirmation of Acceptance first; the signing order typically follows a specific protocol. Option D (Seller initiating a counter offer) is not directly related to the signing of the Confirmation of Acceptance, which typically occurs after an agreement is reached and accepted.