Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber Real Estate Course 1 Exam. Access our quiz with multiple choice questions and detailed explanations. Boost your readiness for the exam!

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What must an investment property be disposed of through if it is part of an estate being managed by a lawyer?

Direct sale without broker involvement.
Financial consultant services.
Mediation and settlement services.
Registered real estate development agency.
Registered real estate brokerage.
Trust management company.

The correct answer is: Registered real estate brokerage.

An investment property that is part of an estate being managed by a lawyer must be disposed of through a registered real estate brokerage. This is because real estate brokers have the necessary expertise, resources, and legal knowledge to handle the sale of the property effectively and ensure compliance with all relevant real estate laws and regulations. By working with a registered real estate brokerage, the lawyer overseeing the estate can ensure that the property is sold efficiently and at the best possible price, maximizing the returns for the estate beneficiaries.