Humber/Ontario Real Estate Course 1 Exam Practice 2025 - Free Real Estate Course 1 Practice Questions and Study Guide

Question: 1 / 890

The Electronic Commerce Act allows brokerages to use electronic signatures for:

Agreements of purchase and sale, but not agreements to lease

Agreements common to the trading of real estate

The correct answer is B. The Electronic Commerce Act allows brokerages to use electronic signatures for agreements common to the trading of real estate. This includes a wide range of agreements such as agreements of purchase and sale, lease agreements, representation agreements, and more. Electronic signatures are legally recognized for most real estate transactions, making them a convenient and efficient option for modern real estate dealings.

Options A, C, D, E, and F are incorrect as they limit the use of electronic signatures to specific types of agreements or exclude some essential agreements common in real estate transactions. It's important to remember that the Electronic Commerce Act in Ontario generally allows the use of electronic signatures for a broad range of real estate agreements.

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Representation agreements, but not customer service agreements

Agreements of purchase and sale, but not seller or buyer representation agreements

Buyer representation agreements, but not seller representation agreements

Customer service agreements, but not agreements of purchase and sale

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