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.

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When a schedule is attached to the purchase and sale agreement, what should be included?

A reference to the schedule should be included on the first page of the agreement and the schedule attached following the final page of the preprinted agreement
No reference to the schedule is needed
The buyer may choose to not initial an attached schedule
The schedule cannot contain any conflicting clauses with the preprinted agreement

The correct answer is: A reference to the schedule should be included on the first page of the agreement and the schedule attached following the final page of the preprinted agreement

When a schedule is attached to the purchase and sale agreement, it is important to include a reference to the schedule on the first page of the agreement. This alerts all parties involved that there is additional information contained in the attached schedule. By having the schedule attached following the final page of the preprinted agreement, it ensures that all parties are aware of its existence and can easily refer to it when needed. This process helps in maintaining clarity and ensuring that all terms and conditions are explicitly stated for easy reference.