Humber/Ontario Real Estate Course 2 Exam Practice

What should a salesperson do if an agreement of purchase and sale is somewhat illegible?

1. Inform both parties' lawyers immediately

2. Ensure that the agreement is legible to meet ethics requirements

3. Proceed if both parties acknowledge mutual agreement

4. Focus only on making sure the agreement is in writing

5. Ensure both parties agree verbally to the terms instead

6. Disregard legibility if all details are covered properly

The correct answer is: Ensure that the agreement is legible to meet ethics requirements

If an agreement of purchase and sale is somewhat illegible, it is crucial for the salesperson to ensure that the agreement is legible to meet ethics requirements. Legibility is important to ensure that all parties involved can clearly understand and review the terms of the agreement. Clear and legible documentation also helps to prevent misunderstandings or disputes that may arise due to unclear or illegible content. Therefore, it is essential for a salesperson to prioritize legibility in the agreement to uphold professional and ethical standards in real estate transactions. Option A is incorrect because it is not necessary to immediately involve lawyers when the agreement is somewhat illegible. Option C is incorrect because proceeding with an illegible agreement based on verbal acknowledgment may lead to misunderstandings or disputes. Option D is incorrect because focusing only on having the agreement in writing does not address the issue of legibility. Option E is incorrect because verbal agreements are not sufficient in real estate transactions without a clear and legible written agreement. Option F is incorrect because disregarding legibility can lead to potential legal and ethical issues in the future.