Humber/Ontario Real Estate Course 1 Exam Practice

Which of the following is not a requirement for the acceptance of an offer?

1. Unconditional; not restricted or limited in any way.

2. Communicated to the person to whom the offer was made.

3. Made in the manner required by the person making the offer.

4. Made within the time limit required by the person making the offer.

5. Presented in a formal document recognized by both parties.

6. Accepted by the offeror's legal representative if absent.

The correct answer is: Communicated to the person to whom the offer was made.

The correct answer indicates that communication to the person to whom the offer was made is indeed a requirement for the acceptance of an offer. When someone receives an offer, acceptance must be effectively communicated to the party that extended the offer, ensuring that they are aware of the agreement that is being formed. Each of the other choices outlines essential requirements for the acceptance of an offer: - An unconditional acceptance means that the terms of the offer are agreed upon without any modifications, ensuring that both parties understand and agree on the same terms. - Acceptance must be made in the specific manner required by the person making the offer, as this indicates that the offeror has set particular conditions that must be met for acceptance. - Timeliness is crucial; acceptance must occur within the timeframe stipulated by the offeror to ensure the offer remains valid and binding. - While a formal document can often aid in clarifying terms, it is not strictly necessary; acceptance can also occur through verbal means or conduct, provided that there is clear agreement on the terms. - Acceptance can indeed be communicated through a legal representative if the offeror is absent, ensuring that the acceptance is still valid even in the absence of the offeror. In conclusion, the requirement for effective communication of acceptance is fundamental