Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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Under what condition can a lawyer assist a client in selling an investment property?

Moralis must sell the property through the lawyer
The lawyer can sell the property to the prospective buyer, if Moralis so agrees
The lawyer cannot sell the property as it involves a trade in real estate
The lawyer can assist in selling Moralis' property, but cannot charge a fee for doing so
The lawyer can sell the property without any further permissions
The lawyer must obtain a real estate license to proceed

The correct answer is: The lawyer can sell the property to the prospective buyer, if Moralis so agrees

The correct answer is B: The lawyer can sell the property to the prospective buyer if Moralis agrees. In real estate transactions, lawyers can assist clients in selling properties by facilitating the legal aspects of the sale, such as reviewing contracts, handling negotiations, and ensuring the transaction complies with the law. However, the lawyer cannot unilaterally sell the property without the client's consent. The client, in this case, Moralis, must agree to the sale before the lawyer can proceed with selling the investment property to a prospective buyer. This requirement ensures that the client's interests and wishes are respected throughout the selling process.