Humber/Ontario Real Estate Course 2 Exam Practice

What might a schedule attached to a buyer representation agreement include?

1. A single schedule per agreement

2. A list of added services for the client

3. Excluded properties previously viewed

4. Additional details about mortgage options

5. Details about warranty policies

6. Inspection contingencies

The correct answer is: A list of added services for the client

In a real estate transaction, a schedule attached to a buyer representation agreement often includes a list of added services for the client. This can outline any additional services that the real estate agent will provide to the buyer beyond the standard services typically included in the agreement. These added services could vary depending on the specific needs and requirements of the buyer, such as conducting additional property searches, providing market analysis reports, or offering specialized assistance throughout the home buying process. This detailed list helps ensure that both parties (the buyer and the agent) have a clear understanding of the services that will be provided, setting expectations and fostering a transparent and effective working relationship. The other options are not typically found in a schedule attached to a buyer representation agreement. Excluded properties previously viewed, additional details about mortgage options, details about warranty policies, and inspection contingencies are important aspects of a real estate transaction but are usually addressed in separate documents or clauses within the main agreement rather than in a separate schedule.