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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Which of the following describes a requirement for electronic signatures under Ontario real estate laws?

Electronic signatures can be optional depending on client preference
Must comply with the Electronic Commerce Act
Only require one party's consent
Can omit email addresses

The correct answer is: Must comply with the Electronic Commerce Act

The requirement that electronic signatures must comply with the Electronic Commerce Act is essential because this Act establishes the legal framework for electronic transactions in Ontario. Under this legislation, electronic signatures are recognized as having the same legal effect as traditional handwritten signatures, provided they meet specific criteria and standards set forth in the Act. This includes ensuring the signature is reliable and that the parties involved maintain intent to sign. This understanding reinforces the validity of electronic signatures in real estate transactions and ensures that all parties involved are following the necessary legal protocols. Others may discuss preferences for using electronic signatures or assumptions regarding consent, but the foundational legal compliance is paramount for ensuring that electronic signatures are enforceable in real estate agreements.