Humber/Ontario Real Estate Course 2 Exam Practice

What is a primary purpose of the Confirmation of Co-operation and Representation form?

1. Disclosing representation information to buyer and seller

2. Meeting disclosure requirements before signing an agreement

3. Signing by buyer and seller without brokerage involvement

4. Gaining written consent for multiple representation

5. Recording agent commission agreements

6. Detailing property specifics exclusively

The correct answer is: Signing by buyer and seller without brokerage involvement

The correct answer is C. The primary purpose of the Confirmation of Co-operation and Representation form is for it to be signed by the buyer and seller without the involvement of the brokerage. This form signifies that the parties have chosen to deal directly with each other without the assistance or involvement of their respective real estate agents or brokerages. This is essential for transparency and ensures that all parties understand and agree to the terms of proceeding without representation. Option A is incorrect because the main purpose of the form is not to disclose representation information to the buyer and seller. Option B is incorrect because the main purpose of the form is not to meet disclosure requirements before signing an agreement. Option D is incorrect because while consent for multiple representation is important, it is not the primary purpose of this specific form. Option E is incorrect because the form is not used to record agent commission agreements. Option F is incorrect because the form is not meant to detail property specifics exclusively.