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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While finalizing an agreement of purchase and sale, what should Salesperson Montoya know about electronic signatures?

Inform parties that electronic signatures are only for representation agreements.
Ensure the technology used for signatures is secure and verifiable.
Insist on implied consent from both parties.
Only use electronic signatures if mandated by either buyer or seller.
Recommend against using electronic signatures to avoid disputes.
Use handwritten signatures as a default.

The correct answer is: Ensure the technology used for signatures is secure and verifiable.

Salesperson Montoya should ensure that the technology used for electronic signatures is secure and verifiable. This is crucial to maintain the integrity and authenticity of the signatures on the agreement of purchase and sale. Using secure and verifiable technology helps to protect against fraud and ensures that the parties can rely on the document's validity in case of any disputes or legal issues. It is important for the salesperson to prioritize the security and verification of electronic signatures to uphold the professionalism and legality of the transaction.