Ontario Real Estate Licensing Exam Practice · Question
Maria is representing a buyer, David, who is interested in making an offer on a residential property in Burlington. David wants to include a condition that allows him to have the home inspected by a professional before committing to the purchase. Which section of the OREA Agreement of Purchase and Sale Form 100 should Maria use to properly incorporate this condition?
Conditions, such as a home inspection, are typically added to the Agreement of Purchase and Sale using Schedule A, which allows for additional terms and conditi
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Question: Maria is representing a buyer, David, who is interested in making an offer on a residential property in Burlington. David wants to include a condition that allows him to have the home inspected by a professional before committing to the purchase. Which section of the OREA Agreement of Purchase and Sale Form 100 should Maria use to properly incorporate this condition?
Answer options: ✅ Schedule A
- Section 5, Irrevocability
- Section 1, Purchase Price
- Section 20, Time Limits
Correct answer: Schedule A
Explanation: Conditions, such as a home inspection, are typically added to the Agreement of Purchase and Sale using Schedule A, which allows for additional terms and conditions to be appended.
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