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.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What specifically should be included in the description of rental items in an offer?

Only the provider’s name
The cost and providership details
Just the name and purpose of the item
Details about whether rentals are assumable
The provider’s contact information
Both cost and provider, and checking whether rentals are assumable

The correct answer is: Both cost and provider, and checking whether rentals are assumable

The correct answer is F. It is crucial to include both the cost and provider details in the description of rental items in an offer. This information is vital for all parties involved to understand the terms of the rental agreement. Additionally, checking whether rentals are assumable is essential for the potential buyer to determine their obligations and responsibilities regarding the rental items. By providing comprehensive information about the cost, provider, and assumability of rentals, all parties can make informed decisions and avoid misunderstandings during the transaction process. Options A, C, D, and E are incorrect because they do not provide the necessary comprehensive details needed for a clear description of rental items in an offer. Simply including the provider's name, the name and purpose of the item, or the provider's contact information may not fully inform the involved parties about the terms and conditions of the rental agreement.