Humber/Ontario Real Estate Course 2 Exam Practice Flash Cards

An offer is drafted by Salesperson Mark for Buyer Sofia with the following terms: Purchase Price: $575,000; Deposit: $25,000 Upon Acceptance; Included Chattels: Refrigerator, Treadmill; Schedule A: Additional Deposit: $50,000 Upon Removal of Conditions; Home Inspection Condition. What can be inferred from the offer conditions?