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

The correct statement is that the party accepting and signing the offer also signs the confirmation of acceptance. This is a crucial step in the real estate transaction process, as it formally indicates that the offer has been accepted by one party and confirms the terms as they stand. The confirmation of acceptance serves to solidify the agreement between the buyer and seller, ensuring that both parties are aware of and agree to the terms outlined in the original offer.

When an offer is accepted, the acceptance must be communicated back to the original offeror, typically in writing, to create a binding contract. By signing the confirmation of acceptance, the accepting party acknowledges their agreement to the terms and indicates that the agreement is ready to be enforced. This step is paramount to avoid any potential disputes regarding whether the offer was accepted and to provide clarity for all parties involved.

The other statements do not align with the key principles of real estate agreements. For instance, while the Commission Trust Agreement is important, it is not always mandatory to complete it during the offer signing process. The buyer is not the only one who can sign the confirmation of acceptance; it is the party that accepts the offer who must do so. The spousal consent section is relevant but not universally required in every case; it depends