Humber/Ontario Real Estate Course 1 Exam Practice

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Which type of property does NOT require the owner's spouse to sign when selling?

  1. Commercial property

  2. Investment property

  3. Matrimonial home

  4. Rental property

  5. Second home

  6. Vacant land

The correct answer is: Commercial property

In Ontario, when selling a matrimonial home, the owner's spouse is required to sign off on the sale even if their name is not on the title (as per the Family Law Act). This requirement is in place to protect the non-titled spouse's interest in the property. However, this requirement does not apply to commercial properties. Therefore, the correct answer is A. For the other options: - Investment property, rental property, second home, and vacant land do not trigger the same requirement for the owner's spouse to sign off on the sale as it specifically applies to the matrimonial home.

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