Accordi ng to the Real Estate and Business Brokers Act, 2002, which of the following terms referring to a registrant is NOT acceptable when advertising on a website? a Salesperson. b Real estate brokerage c Broker of record. d Real estate sales associate. 2 The Statute of Frauds requires certain contracts to be in writing in order to be enforceable following statements is correct regarding the Statute of Frauds and a real estate contract? Which of the Under REBBA 2002, RECO has the authority to approve the form used as an agreement of purchase and sale for real estate in Ontario. a b The Statute of Frauds states that contracts for the sale and purchase of land are deemed to contain specific information, unless otherwise stated in the contract. Although the Statute of Frauds requires a contract for real estate be in writing, it does not require any particular form be used. The Vendors and Purchasers Act requires that the party be at least 19 years of age in order to enter int contract. d You are meeting with Harry and Sally to list their property for sale. You have just agreed on the commission rate and holdover period and have asked the sellers to sign the listing agreement. Based on the requirements of the Real Estate and Business Brokers Act, 2002, what must you do in regards to p Harry and Sally copies of the Listing Agreement? 3 roviding Harry and Sally must be given one copy each of the signed Listing Agreement as soon as it has been signed s soon as possible, but no later than when it is placed on the MLS system. Only one signed copy of the Listing Agreement is required which is retained by the brokerage, and Harry and Sally will receive an electronic copy of the document within 24 hours of being signed. The brokerage must retain a signed copy of the Listing Agreement and upon request, either a paper copy or an electronic copy is provided to Harry and Sally. c d rdin g to the Real Estate and Business Brokers Act, 2002, at what point in time must a registrant Acco advise buyers of the potential for multiple representation? 4 Prior to preparing an offer on a property for the buyers As soon as the buyers have signed a buyer representation agreement. Prior to entering into a buyer representation agreement with those buyers. Prior to presenting the buyer's offer a