Humber/Ontario Real Estate Course 3 Exam Practice

What document is typically used in conjunction with a seller representation agreement to detail property specifications?

1. Inspection report.

2. Standard offer form.

3. Appraisal report.

4. Data sheet.

5. Deed of sale.

6. Survey plan.

The correct answer is: Data sheet.

The document typically used in conjunction with a seller representation agreement to detail property specifications is a data sheet. A data sheet provides an organized overview of the property's characteristics, including details such as square footage, number of bedrooms and bathrooms, lot size, and specific features of the property. This essential tool helps real estate agents present the property effectively to potential buyers and serves as a reference for other professionals involved in the transaction. While inspection reports, appraisal reports, standard offer forms, deeds of sale, and survey plans have their respective roles in the real estate process, they do not primarily focus on summarizing the physical and functional specifications of the property in the same manner as a data sheet. For example: - Inspection reports highlight the condition of the property but do not serve to outline its specifications. - Appraisal reports assess the market value of a property rather than detailing its specifications. - Standard offer forms are used in the context of making offers on properties and are not documents that outline property specifications. - Deeds of sale are legal documents that transfer ownership and do not include detailed property descriptions. - Survey plans provide property boundaries but lack the comprehensive property details that a data sheet would provide. In summary, the data sheet is the most relevant document when wanting to detail and