Humber/Ontario Real Estate Course 1 Exam Practice

If an agreement of purchase and sale is signed electronically by a buyer and on paper by a seller, the agreement is:

1. Valid if both consented to electronic signatures

2. Invalid unless both use electronic signatures

3. Only valid if both signed on paper

4. Invalid without the buyer's salesperson witnessing

5. Invalid unless a notary is present

6. Valid only with a wet ink signature

The correct answer is: Valid if both consented to electronic signatures

In this scenario, the correct answer is A. The agreement of purchase and sale is considered valid if both parties consented to electronic signatures. This means that as long as the buyer agreed to sign electronically and the seller agreed to sign on paper, the agreement is legally binding. Consent is the key in determining the validity of electronic signatures in real estate transactions.