Humber/Ontario Real Estate Course 2 Exam Practice

When is the confirmation of co-operation and representation form usually signed?

1. Before a customer service agreement is signed

2. By the buyer, seller, listing brokerage, and co-operating brokerage before an offer is made

3. Immediately following the preparation and signing of a listing agreement or buyer representation agreement

4. By the listing brokerage only, when a co-operating brokerage is involved in the transaction

The correct answer is: By the buyer, seller, listing brokerage, and co-operating brokerage before an offer is made

The confirmation of co-operation and representation form is usually signed by the buyer, seller, listing brokerage, and cooperating brokerage before an offer is made. This form confirms that all parties acknowledge the relationships and responsibilities in the transaction. By signing this form before an offer is made, all parties ensure that they understand their roles and obligations from the outset of the transaction. This helps to establish a clear understanding of the representation and co-operation among all parties involved in the real estate transaction. Option A is incorrect because the confirmation form is typically signed before an offer, not before a customer service agreement. Option C is incorrect because the form is usually signed before an offer, not immediately following the preparation and signing of a listing agreement or buyer representation agreement. Option D is incorrect because the confirmation form is not signed by the listing brokerage only when a cooperating brokerage is involved in the transaction; it involves signatures from multiple parties as mentioned in the correct answer.