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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What is required for an agreement to be valid if one party uses an electronic signature?

Both must consent to electronic signatures
Both must sign electronically
Both parties must agree to switch to paper signatures
A witness is essential if using electronic signatures
Electronic signatures only valid in digital transactions
Both parties must sign in the presence of a notary

The correct answer is: Both must consent to electronic signatures

For an agreement to be valid when one party uses an electronic signature, it is important that both parties consent to the use of electronic signatures. This is crucial to ensure that both parties are aware of and agree to conduct the transaction electronically, establishing mutual understanding and agreement on the use of electronic signatures. This step helps protect the interests of all parties involved and ensures the validity and enforceability of the agreement. Options B, C, D, E, and F lack the key aspect of mutual consent to electronic signatures, making them incorrect choices for the requirement of a valid agreement when one party uses an electronic signature.