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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When drafting an agreement of purchase and sale, the description of the real property should:

Contain address, 'fronting on' details, city/municipality, lot frontage/depth, and legal description
Include both a civic address and a mailing address
Include imperial measurements for lot size
Be limited to the legal description
Include evidence of recent property transactions
Only describe any improvements on the property

The correct answer is: Contain address, 'fronting on' details, city/municipality, lot frontage/depth, and legal description

When drafting an agreement of purchase and sale, the description of the real property should contain specific details such as the address, 'fronting on' information which refers to how the property is positioned in relation to surrounding roads and landmarks, the city or municipality where the property is located, the lot frontage and depth, and the legal description. Including both a civic and mailing address (B) is redundant and unnecessary. Imperial measurements for lot size (C) may be outdated and not reflective of current standards. Limiting the description to just the legal description (D) may not provide enough information for the buyer and can make it difficult to accurately identify the property. Evidence of recent property transactions (E) does not provide a complete description of the property. Only describing improvements on the property (F) also does not provide a comprehensive understanding of the property and could leave out important details about the land itself.