Humber/Ontario Real Estate Course 2 Exam Practice

Which of the following documents is typically needed when preparing a listing agreement?

1. GeoWarehouse report

2. Final tax notice

3. Rental agreement

4. Home inspection report

The correct answer is: GeoWarehouse report

When preparing a listing agreement, a GeoWarehouse report is typically needed. A GeoWarehouse report provides valuable information about the property, such as ownership details, property boundaries, liens, property value, and more. This information is crucial for both the real estate agent and the seller to ensure accurate representation of the property in the listing agreement and to avoid any issues or discrepancies during the selling process. The other options, such as the final tax notice, rental agreement, and home inspection report, are not typically necessary when preparing a listing agreement. Final tax notices are more relevant for the buyer's due diligence process, while a rental agreement pertains to tenancy agreements and a home inspection report is usually conducted during the buyer's inspection period.