Humber/Ontario Real Estate Course 2 Exam Practice

What is required for a buyer Latham to accept a seller's counter offer with amendments?

1. The buyer needs to initial all changes and sign the Confirmation of Acceptance.

2. The buyer must amend and sign the irrevocable clause.

3. The buyer must completely resign all documents.

4. The buyer only needs to sign the changes.

5. The buyer must provide a new bid.

6. The buyer does not need to do anything.

The correct answer is: The buyer needs to initial all changes and sign the Confirmation of Acceptance.

For a buyer like Latham to accept a seller's counteroffer with amendments, it is necessary for the buyer to initial all changes and sign the Confirmation of Acceptance. This process ensures that the buyer acknowledges and agrees to the modifications made by the seller, demonstrating clear acceptance of the revised terms. By initialing all changes and signing the Confirmation of Acceptance, the buyer indicates their commitment to the amended offer, creating a legally binding agreement between the buyer and the seller. Options B, C, D, E, and F do not accurately reflect the specific steps required for a buyer to accept a seller's counteroffer with amendments. In contrast, option A provides the correct and detailed procedure that must be followed in such a situation.