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.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Which act requires that all contracts for real estate be in writing?

Common Law Act
Landlord and Tenant Act
Real Estate Business Brokers Act
Statute of Frauds

The correct answer is: Statute of Frauds

The correct answer is D. The Statute of Frauds requires that all contracts for the sale of real estate must be in writing to be enforceable. This law helps prevent misunderstandings and fraud in real estate transactions by ensuring that there is a clear written record of the agreement. Options A, B, and C are not the correct answers because they do not specifically address the requirement for real estate contracts to be in writing. The Common Law Act and Landlord and Tenant Act deal with different aspects of property law, while the Real Estate Business Brokers Act regulates the activities of real estate brokers and salespersons, but none of these acts specifically mandate that real estate contracts must be in writing.