Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

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What can the owner of a rural property do to sell a lot not currently within a plan of subdivision?

  1. Draft an agreement regardless if the lot exists, as compliance with the Planning Act is irrelevant.

  2. Exempt the sale since Planning Act doesn't apply to lots smaller than six acres.

  3. The sale is automatically valid, as long as the municipality is informed later.

  4. Make the sale contingent on receiving appropriate planning consent.

  5. Resell the property with restrictive terms.

  6. Ignore the Planning Act provisions altogether.

The correct answer is: Make the sale contingent on receiving appropriate planning consent.

In order to sell a lot that is not currently within a plan of subdivision in a rural area, the owner must make the sale contingent on receiving appropriate planning consent. The Planning Act in Ontario governs the division of land, and any lot that is not within a plan of subdivision must receive planning consent before it can be legally sold. By making the sale contingent on receiving appropriate planning consent, the owner ensures compliance with the legal requirements and avoids any potential issues or violations. The other options are incorrect because: A. Drafting an agreement without considering compliance with the Planning Act can lead to legal repercussions as the act governs the division of land. B. The Planning Act applies to all lots, regardless of their size, so exemption based on lot size is not valid. C. Municipal approval is not sufficient for the sale of a lot not within a plan of subdivision; planning consent is required. E. Reselling the property with restrictive terms does not address the need for planning consent before selling a lot not within a plan of subdivision. F. Ignoring the Planning Act provisions is not advisable, as non-compliance can result in legal consequences.