Humber/Ontario Real Estate Course 4 Exam Practice

What must be included when Buyer John Doe makes an offer on a property using his legal name?

1. His legal name should have a prefix like 'Mr.'

2. His full legal name must be detailed on the corresponding line of the purchase and sale agreement.

3. John Doe's complete name should list his middle name.

4. The property title should only show John Doe as indicated in the agreement.

The correct answer is: His full legal name must be detailed on the corresponding line of the purchase and sale agreement.

The correct answer focuses on the necessity of including the full legal name of the buyer on the purchase and sale agreement. When making an offer on a property, it's imperative that the buyer’s name is clearly and accurately reflected in the documentation to avoid any legal disputes or issues regarding ownership. Including the buyer's full legal name ensures that all parties involved in the transaction can accurately identify who is making the offer, and it also aligns with legal requirements for contract validity. This level of detail helps in ensuring a clear and enforceable agreement, which is crucial in real estate transactions. While prefixes or middle names may be relevant in some contexts, they are not typically required for the offer to be legally valid. The primary focus should always be on the full legal name as it appears in official documents, providing clarity and certainty about the identity of the buyer in the legal agreement.