Humber/Ontario Real Estate Course 3 Exam Practice

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When witnessing an agreement of purchase and sale, which of the following is correct?

  1. A competent person can witness a signature on an agreement of purchase and sale.

  2. The witness must be a person registered under REBBA.

  3. The witness must date his or her signature.

  4. The witness must sign his or her full legal name.

  5. The witness must be over 21 years old.

  6. The witness must be a relative of the parties involved.

The correct answer is: A competent person can witness a signature on an agreement of purchase and sale.

When witnessing an agreement of purchase and sale, it is correct that a competent person can witness a signature. This means that the witness does not necessarily have to be someone registered under REBBA (Real Estate Business Brokers Act). The specific legal requirements for a witness typically include being competent to witness, of legal age, and not having a vested interest in the transaction. The option A is correct because as long as the person witnessing is considered competent (having the mental capacity to understand the nature of the document they are witnessing), they can effectively serve as a witness.

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