Humber/Ontario Real Estate Course 3 Exam Practice

Salesperson Lee drafted an offer for Mr. and Mrs. Johnson, accepted by the seller. Both the buyers and seller are clients of XYZ Realty Inc. What is true about the offer's acceptance?

1. A Commission Trust Agreement must be signed.

2. Acceptance confirmation only needs a date, not a time.

3. If the property is a matrimonial home and the spouse is a non-owner, spousal consent is required.

4. The property must be inspected again after acceptance.

5. Mrs. Johnson, as a spouse, must give consent by signing under Spousal Consent.

The correct answer is: If the property is a matrimonial home and the spouse is a non-owner, spousal consent is required.

The correctness of the answer lies in the legal requirements surrounding the sale of a matrimonial home. In Ontario, if a property is considered a matrimonial home, both spouses have equal rights to that property, regardless of ownership. Therefore, if one spouse is not listed as an owner on the title, their consent is necessary for the sale to proceed legally. This requirement for spousal consent is crucial because it protects both partners' interests in the property and ensures that transactions involving a matrimonial home cannot occur without the knowledge and agreement of both spouses. It aims to prevent unilateral decisions that could adversely affect the rights and interests of the non-owning spouse in the context of family law. In contrast, the other options do not specifically address the necessary legal protocols involved in selling a matrimonial home or simply do not reflect legal necessities relevant in this context, making them less pertinent to the matter at hand.