Humber/Ontario Real Estate Course 3 Exam Practice

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What is typically included in a seller representation agreement?

A standard listing data sheet.
The seller’s social security number.
Details about the seller's future plans.
A home warranty policy.
A list of recommended home improvements.
The buyer's financing details.

The correct answer is: A standard listing data sheet.

A seller representation agreement typically includes a standard listing data sheet. This document is crucial as it outlines the essential details about the property being sold and the terms of representation. It serves as a foundational tool that helps the real estate agent market the property effectively. Including the seller’s social security number, details about the seller's future plans, a home warranty policy, a list of recommended home improvements, or the buyer's financing details does not align with the primary purpose of a seller representation agreement. While these elements may be relevant in certain contexts, they are not standard or necessary components of a seller representation agreement focused on the listing and sale of the property itself.