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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What is typically associated with an acknowledgement clause in property sales?

Is typically used to protect the buyer, as it often relates to a seller's assurances regarding the condition of the property.
Is typically used to protect the seller, as it often involves clarification of a material fact about the property.
Is used when the seller warranties the condition of an included chattel at closing.
Is used when the agreement is conditional on the sale of the buyer's property.
Is used when the buyer acknowledges the seller’s representations.
Is used to confirm the accuracy of property measurements.

The correct answer is: Is typically used to protect the buyer, as it often relates to a seller's assurances regarding the condition of the property.

An acknowledgment clause in property sales is typically associated with protecting the buyer, as it often relates to a seller's assurances regarding the condition of the property. It serves as a way for the seller to make specific statements or assurances about the property's condition, which the buyer can rely on during the transaction. This clause helps provide the buyer with certain guarantees and protections regarding the property they are purchasing, making option A the correct choice. Options B, C, D, E, and F do not accurately describe what is typically associated with an acknowledgment clause in property sales.