Humber/Ontario Real Estate Course 3 Exam Practice

When accepting a counter offer with changes made by the seller, what must the buyer do?

1. Amend the irrevocable clause and initial this change

2. Complete the Confirmation of Acceptance

3. Leave changes unacknowledged and sign

4. Must sign the Confirmation of Acceptance without initialling changes

5. Must use a counter offer form to accept the seller's terms

6. Must initial all changes made by the seller and then sign the Confirmation of Acceptance

The correct answer is: Must initial all changes made by the seller and then sign the Confirmation of Acceptance

The correct response emphasizes the importance of ensuring that all parties are aware of and agree to the specific changes made in the counter offer. By initialing all changes, the buyer acknowledges each modification, thereby demonstrating clear acceptance of the updated terms. This process helps avoid any misunderstandings about what has been agreed upon, as it signifies the buyer’s conscious agreement to each adjustment rather than a blanket acceptance without acknowledgment. This careful documentation is critical in real estate transactions, as it provides clarity and a firm basis for the agreement moving forward. In this scenario, it would not suffice to leave the changes unacknowledged or simply sign without addressing the modifications, as that could lead to confusion about what was agreed upon. Approaches such as amending the irrevocable clause or using a specific counter offer form are also unnecessary in this context, as the straightforward action of initialing all changes and signing provides sufficient clarity and acceptance.