Humber/Ontario Real Estate Course 1 Exam Practice

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What is the correct procedure when preparing a transfer/deed of land for e-registration?

The draft is prepared by the buyer's lawyer
The seller’s lawyer sends it electronically to the buyer's lawyer
The seller's lawyer certifies its completion
The buyer's lawyer finalizes and registers it
Both lawyers must sign it before registration
The title company certifies the document

The correct answer is: The seller’s lawyer sends it electronically to the buyer's lawyer

The correct procedure when preparing a transfer/deed of land for e-registration involves the seller’s lawyer sending the document electronically to the buyer's lawyer. This step is crucial as it facilitates communication and ensures that both parties are involved in the e-registration process. The electronic transfer of the document is designed to enhance efficiency and streamline the registration process, making it timely and secure. In the context of the other options, while the involvement of various parties in the process is important, the specific action of the seller’s lawyer sending the document to the buyer's lawyer is fundamental to initiating the e-registration process. Subsequent actions, such as certifying completion or finalizing registration, are important but follow this crucial first step. Understanding this process is vital for compliance with Ontario's electronic registration protocols, making it essential for real estate professionals in the region to be well-versed in these procedures.