Humber/Ontario Real Estate Course 2 Exam Practice

Which of the following statements is true regarding signatures on a purchase agreement?

1. A witness must date the signature.

2. A witness must be registered under provincial real estate regulations.

3. A competent person can witness a signature.

4. A witness must use their full legal name.

5. The signature must be notarized.

6. The witness must be the buyer's agent.

The correct answer is: A competent person can witness a signature.

A competent person can witness a signature on a purchase agreement. This is the correct statement because in real estate transactions, a witness to a signature does not necessarily need to hold a specific job title or be registered under real estate regulations. As long as the individual is competent, meaning they are of legal age and have the mental capacity to understand the act of witnessing a signature, they can serve as a witness to a signature on a purchase agreement. Regarding the other options: A. A witness does not necessarily have to date the signature; their role is to verify the signing, not date it. B. A witness does not need to be registered under provincial real estate regulations; their role is solely to witness the signature. D. A witness is not required to use their full legal name; what matters is their ability to attest to the signature. E. Signatures on a purchase agreement do not need to be notarized; a witness is sufficient to verify the signing. F. The witness does not need to be the buyer's agent specifically; any competent individual can witness the signature.