Ace the Humber/Ontario Real Estate Course 4 Exam 2025 – Unlock Your Property Potential!

The correct statement regarding a buyer representation agreement is that when completing the 'Property Type' section, the description might only involve a specific address for one property. This means that the agreement can be specific to a single property address, which is important for defining the scope of the agreement between the buyer and the real estate brokerage.

Option B is incorrect because when completing the 'Geographic Location' section, it is acceptable to use municipal boundaries to define the area of interest, such as specifying the City of Anycity.

Option C is incorrect because a buyer can sign multiple buyer representation agreements with different brokerages for the same time period. However, it is essential to understand the terms of these agreements to avoid conflicts of interest.

Option D is incorrect because when a buyer signs a representation agreement, they are responsible for informing the brokerage of any properties they come across that meet the criteria outlined in the agreement. Communication between the buyer and the brokerage is crucial for a successful real estate transaction.