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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Which is correct regarding a buyer representation agreement?

When writing 'Property Type,' the description might be just a specific address for one property.
When describing 'Geographic Location,' avoid specific municipal boundaries.
A buyer cannot sign two representation agreements with different brokerages simultaneously.
A buyer must inform the broker of any property they see that fits their criteria after signing the agreement.
The agreement must be for at least six months.
A buyer representation agreement cannot be terminated before its expiry date.

The correct answer is: When writing 'Property Type,' the description might be just a specific address for one property.

When writing 'Property Type' in a buyer representation agreement, the description might indeed be just a specific address for one property. This is correct because a buyer may engage a real estate agent specifically to assist in the purchase of a particular property that they are interested in. In such cases, the 'Property Type' section may refer to the specific address of that property. This option is the correct choice because it accurately reflects the flexibility in describing the 'Property Type' in a buyer representation agreement.