Humber/Ontario Real Estate Course 2 Exam Practice 2026 - Free Real Estate Practice Questions and Study Guide

Under REBBA (Real Estate and Business Brokers Act), if Buyer Singh signs an exclusive buyer representation agreement, he is creating an express agreement with the brokerage. This means that by signing the agreement, Buyer Singh is formally acknowledging the terms and conditions of the agreement and entering into a legal relationship with the brokerage.

Option A is incorrect because signing an exclusive buyer representation agreement is not a must to create a valid agreement.

Option B is incorrect because the validity of the agreement is not established solely upon signing; there are specific terms and conditions within the agreement that determine its validity.

Option D is incorrect because signing the exclusive agreement could grant exclusive authority not only for locating properties for sale but also for lease, depending on the terms outlined in the agreement.

Option E is partially correct, but it doesn't capture the full essence of creating an express agreement with the brokerage by signing the exclusive buyer representation agreement.

Option F is incorrect because signing the exclusive agreement does not obligate Buyer Singh to purchase through the brokerage; it simply grants the brokerage the exclusive right to represent him in the real estate transaction.