Ace the Humber/Ontario Real Estate Course 3 Exam 2025 – Your Ultimate Path to Property Success!

The purchase price in an agreement of purchase and sale typically includes the deposit made by the buyer. This deposit demonstrates the buyer's commitment to the transaction and is often held in trust until the completion of the sale. Including the deposit in the purchase price is a common practice, as it reflects the total financial consideration that the buyer will ultimately provide for the property.

The agreement will generally outline the total purchase price, which encompasses the initial deposit along with the remaining balance due at closing. This comprehensive approach ensures that both the buyer and seller have a clear understanding of the total price involved in the transaction.

In contrast, the other options refer to specific conditions or exclusions that do not accurately capture the standard components of the purchase price in real estate agreements. Understanding this concept is critical for future transactions and for interpreting the terms of agreements correctly.