Humber/Ontario Real Estate Course 2 Exam Practice

What typically accompanies a seller representation (listing) agreement in real estate transactions?

1. A binding pre-emptive offer.

2. A data sheet detailing property specifics.

3. A legal notice to the seller’s insurance company.

4. Approval from the local land registry office.

5. A formal acknowledgment from the buyer.

6. A witness signature post-completion.

The correct answer is: A data sheet detailing property specifics.

A data sheet detailing property specifics typically accompanies a seller representation (listing) agreement in real estate transactions. This document provides detailed information about the property being listed, including features, dimensions, amenities, and any other relevant details that potential buyers would need to know. This helps in marketing and presenting the property accurately to interested parties. The other options are incorrect: - A binding pre-emptive offer is not typically part of a seller representation agreement. This would be a separate agreement between a buyer and a seller. - A legal notice to the seller’s insurance company is not a standard document accompanying a listing agreement. - Approval from the local land registry office is not something that would typically accompany a seller representation agreement. - A formal acknowledgment from the buyer is not a standard document that is included with a listing agreement. - A witness signature post-completion is not a standard practice associated with a seller representation agreement.