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 rights does a non-owner spouse have regarding a matrimonial home?

Need to sign the listing agreement if the home is being sold
No rights concerning the mortgaging or disposition of the home
Possessory rights to the home, same as the owner
Signing rights only if the home is under joint ownership
Temporary rights until the property is sold
Financial interest in the property

The correct answer is: Possessory rights to the home, same as the owner

In a matrimonial home, a non-owner spouse typically has possessory rights to the home, similar to the owner. This means the non-owner spouse can continue to live in the home even if they are not listed on the title. This right is crucial in situations where a couple separates or one spouse passes away. It ensures that the non-owner spouse has a place to live and cannot be arbitrarily evicted from the property. Options A, B, D, E, and F are incorrect because they do not accurately reflect the rights of a non-owner spouse regarding a matrimonial home. Non-owner spouses do not necessarily need to sign the listing agreement, do not have the same signing rights as joint owners, do not just have temporary rights, do have financial interests beyond possessory rights, and do have certain rights concerning the property despite not being listed as an owner.