Ontario Real Estate Licensing Exam Practice · Question
A seller completes an OREA Agreement of Purchase and Sale, Form 100, and specifies 'Seller agrees to leave all existing appliances, including fridge, stove, washer, and dryer'. However, on the possession date, the dryer is missing. The buyer's salesperson is contacted by their client, who is upset about the missing dryer. What section of the Agreement of Purchase and Sale specifies which chattels are included or excluded at the time of closing?
Section 2, Chattels Included, of the OREA Agreement of Purchase and Sale, Form 100, is specifically where all chattels (moveable property) intended to be includ
Start free practice for Ontario Real Estate Licensing Exam Practice
363 questions · no signup required · 40 free questions per day
Question: A seller completes an OREA Agreement of Purchase and Sale, Form 100, and specifies 'Seller agrees to leave all existing appliances, including fridge, stove, washer, and dryer'. However, on the possession date, the dryer is missing. The buyer's salesperson is contacted by their client, who is upset about the missing dryer. What section of the Agreement of Purchase and Sale specifies which chattels are included or excluded at the time of closing?
Answer options: ✅ Section 2, Chattels Included
- Section 3, Fixtures Excluded
- Section 8, Rental Items
- Schedule B, Additional Terms
Correct answer: Section 2, Chattels Included
Explanation: Section 2, Chattels Included, of the OREA Agreement of Purchase and Sale, Form 100, is specifically where all chattels (moveable property) intended to be included in the sale are listed, ensuring clarity for both parties.
Start free practice for Ontario Real Estate Licensing Exam Practice
363 questions · no signup required · 40 free questions per day
More about Ontario Real Estate Licensing Exam Practice
Related Questions
- A buyer is considering a mortgage product that allows them to prepay a portion of their principal at any time
- A commercial property in Toronto is sold for $2,000,000. The vendor is an HST registrant. What is the buyer's
- What is the primary purpose of registering a deed under the Registry Act in Ontario?
- What is the primary role of a 'title search' in a residential real estate transaction in Ontario?
- A seller accepts a conditional offer. Before the conditions are fulfilled, the seller receives a firm, higher
- Which of the following is a common encumbrance that would be registered on title and affect a property owner's
More for Ontario Real Estate Licensing Exam Practice candidates
Study guides
Question explanations
- A buyer is considering a mortgage product that allows them to prepay a portion of their principal at any time
- A commercial property in Toronto is sold for $2,000,000. The vendor is an HST registrant. What is the buyer's
- What is the primary purpose of registering a deed under the Registry Act in Ontario?
- What is the primary role of a 'title search' in a residential real estate transaction in Ontario?
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Ontario Real Estate Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.