Humber/Ontario Real Estate Course 2 Exam Practice

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What must be included in the cross reference when attaching a schedule to the agreement of purchase and sale?

  1. The offer date and the offer acceptance date

  2. The buyer's name, the seller's name, the property address, and the closing date

  3. The same details as those found on the first page of the agreement

  4. Only the property address and closing date

  5. Only the buyer's name and property's address

The correct answer is: The same details as those found on the first page of the agreement

When attaching a schedule to an agreement of purchase and sale, it is crucial that the cross reference must include the same details as those found on the first page of the agreement. This ensures that both the main agreement and the schedule are properly connected and clearly identified with matching information. By including the same details, there is no ambiguity or room for error in understanding which schedule corresponds to which specific agreement. This practice contributes to maintaining the clarity and integrity of the real estate transaction.

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