Humber/Ontario Real Estate Course 1 Exam Practice

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What happens if a buyer wants to use an electronic signature, but the seller does not trust it?

  1. The buyer can sign electronically and the seller traditionally.

  2. Both parties must use traditional signatures.

  3. The seller must use an electronic signature if the buyer insists.

  4. Electronic signatures are not allowed in real estate transactions.

  5. The signing method depends on the broker's discretion.

  6. The offer is invalid without matching signature methods.

The correct answer is: Both parties must use traditional signatures.

The scenario outlines a common issue in real estate transactions regarding the acceptance of electronic signatures. It is essential to understand that electronic signatures are legally recognized in many jurisdictions, but their acceptability can vary based on the parties' preferences and any agreements they make regarding the signing process. The correct answer highlights that if the seller does not trust electronic signatures, then both parties must resort to traditional signatures to ensure mutual agreement and confidence in the signing process. This helps to maintain the integrity of the transaction and ensures that both parties feel secure in their commitments. In practice, there needs to be a consensus on the method of signing for the agreement to be valid and enforceable. If one party does not agree to the use of electronic signatures, it may create an impasse. Traditional signatures allow for the assurance that both parties are on the same page, reflecting a common approach to executing the agreement. Electronic signatures are indeed permissible in real estate transactions, as long as both parties agree to their use. Therefore, scenarios that suggest that the seller must comply with the buyer's preference or that the broker's discretion alone determines the method are not aligned with the necessity for mutual consent in signature methods. Additionally, the notion that the offer would be invalid due to mismatched signature methods overlooks

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