Humber/Ontario Real Estate Course 2 Exam Practice

Which details are crucial in the cross reference when adding a schedule to an agreement of purchase and sale?

1. Buyer's name, seller's name, property address, and closing date

2. Buyer's name and buyer's agent name

3. Property address and buyer's phone number

4. Seller’s name and legal description of property

5. Closing date and seller’s phone number

6. Agreement's origination date

The correct answer is: Buyer's name, seller's name, property address, and closing date

When adding a schedule to an agreement of purchase and sale, the key details that are crucial in the cross-reference include the buyer's name, seller's name, property address, and closing date. These specific details ensure that the schedule is directly related to the main agreement, clarifying which buyer, seller, property, and closing date the schedule is pertaining to. Including the correct parties' names and property details is essential for avoiding confusion and accurately reflecting the intentions of the parties involved in the transaction. Options B, C, D, E, and F are not as crucial for cross-referencing a schedule to an agreement of purchase and sale. The buyer's agent's name, buyer's phone number, seller's phone number, legal description of the property, and the agreement's origination date are generally not required for directly linking a schedule to the main agreement and may not be necessary for understanding the details of the transaction between the buyer and the seller.