Final answer:
The statement is true; a Salesperson can create their own summary document for an offer or use the OREA Offer Summary Document (Form 801), providing flexibility while ensuring all details are meticulously documented.
Step-by-step explanation:
When drafting an offer, it is true that a Salesperson (brokerage) can create their own summary document or may use the "Offer Summary Document (OREA FORM 801)". This form is provided by the Ontario Real Estate Association (OREA) and serves as a standardized tool to summarize the details of an offer on a property in Ontario, Canada. However, salespersons have the discretion to prepare a custom summary document if they find it more appropriate or if their brokerage has specific requirements. Regardless of the format used, the summary document should encapsulate all essential details accurately and comprehensively to ensure legal compliance and clarity for all parties involved.