Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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!

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When must copies of the agreement of purchase and sale be delivered after acceptance?

Are retained by the listing brokerage, but provided to buyer and seller upon request
Must be immediately delivered to the broker of record for the listing brokerage
Must be delivered as soon as possible to the buyer and seller within two business days
Must be delivered to the buyer and seller as soon as possible

The correct answer is: Must be delivered to the buyer and seller as soon as possible

In real estate transactions, it is crucial to promptly provide copies of the agreement of purchase and sale to both the buyer and the seller. This helps ensure transparency and clarity for all parties involved in the transaction. By delivering the copies as soon as possible, it allows both the buyer and the seller to review the terms of the agreement in a timely manner, which can help prevent misunderstandings or disputes down the line. Therefore, option D is the correct choice as it highlights the importance of timely delivery of the agreement to the involved parties.