Humber/Ontario Real Estate Course 2 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

Which document is required to be signed before a salesperson can represent a buyer?

Listing agreement.
Confirmation of cooperation and representation.
Buyer representation agreement.
Offer to purchase.

The correct answer is: Buyer representation agreement.

A buyer representation agreement is the document that is required to be signed before a salesperson can represent a buyer. This agreement outlines the terms and conditions of the relationship between the buyer and the real estate agent. It specifies the obligations of both parties, such as the agent's duty to act in the best interests of the buyer and the buyer's commitment to work exclusively with that agent for a specified period. This agreement helps protect both the buyer and the agent by establishing a clear understanding of their roles and responsibilities throughout the buying process. In contrast: - A listing agreement is a contract between a seller and a real estate agent. - Confirmation of cooperation and representation is a form used to confirm the working relationship between real estate brokerages. - An offer to purchase is a document that outlines the buyer's proposal to purchase a property but does not establish the formal relationship between the buyer and the salesperson representing them.