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 making an offer on a property, how should Buyer James enter his name in the agreement of purchase and sale?

His full legal name must be entered on the appropriate line in the agreement of purchase and sale.
His full legal name should include a middle name.
His full legal name should include the prefix 'Mr.'
The title to the property must only be in his name as shown in the agreement.
He should use only his initial and last name.
He should include his initials in parentheses.

The correct answer is: His full legal name must be entered on the appropriate line in the agreement of purchase and sale.

When making an offer on a property, Buyer James should enter his full legal name on the appropriate line in the agreement of purchase and sale. This ensures that there is no confusion regarding his identity and helps in accurately identifying him as the buyer in the contract. It is important to use the full legal name to avoid any potential legal issues or discrepancies in the future. Including a middle name, prefix, or only using initials could lead to confusion and may not be legally sufficient to identify the buyer. It is crucial to be clear and precise in legal documents such as the agreement of purchase and sale, which is why entering the full legal name is the correct choice in this scenario.