Humber/Ontario Real Estate Course 2 Exam Practice

The seller's lawyer has several responsibilities when transferring the title to a purchaser. Which activity is NOT one of them?

1. Responding to buyer's lawyer about zoning bylaw compliance.

2. Providing necessary undertakings for resolution.

3. Using Teraview for title transfer initiation.

4. Completing land transfer tax affidavit for buyer's lawyer.

5. Registering liens or other encumbrances.

6. Facilitating title insurance if requested.

The correct answer is: Completing land transfer tax affidavit for buyer's lawyer.

The seller's lawyer has several responsibilities when transferring the title to a purchaser. One crucial responsibility for the seller's lawyer is to provide necessary undertakings for resolution. Undertakings are promises or commitments made by one party to another involved in a real estate transaction. These could be promises to fulfill certain conditions or requirements before the sale is finalized. Using Teraview for title transfer initiation is also an essential responsibility for the seller’s lawyer. Teraview is an online application used in Ontario for searching, reviewing, and registering documents related to real property. It helps in securely conducting title searches and transferring property titles. Completing a land transfer tax affidavit for the buyer's lawyer is not typically a responsibility of the seller's lawyer. The responsibility of paying the land transfer tax usually falls on the buyer, and it is their lawyer who handles the necessary paperwork and payments related to the tax. Therefore, option D is the correct answer as completing a land transfer tax affidavit for the buyer's lawyer is NOT one of the responsibilities of the seller's lawyer in transferring the title to a purchaser.