Humber/Ontario Real Estate Course 4 Exam Practice

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What role does a lawyer play in relation to buying and selling real estate?

  1. Lawyers create property listings.

  2. Lawyers evaluate agreements with clients and finalize closing procedures.

  3. Lawyers liaise directly with real estate salespersons, not with clients.

  4. Lawyers market properties for clients.

  5. Lawyers must follow the REBBA Code of Ethics.

  6. Lawyers work as governed by the AIC.

The correct answer is: Lawyers evaluate agreements with clients and finalize closing procedures.

The role of a lawyer in relation to buying and selling real estate primarily revolves around the legal aspects of transactions. Lawyers evaluate agreements with clients to ensure that all terms are understood, negotiable, and legally binding. Their expertise is crucial in drafting and reviewing contracts, conducting title searches, and addressing any legal issues that may arise during the transaction process. Finalizing closing procedures is another key responsibility, which includes preparing the necessary documentation, ensuring that the title is clear, and facilitating the transfer of funds. These actions are essential to protect the interests of the client and ensure a smooth process for both the buyer and seller. Lawyers provide guidance throughout the transaction to ensure compliance with applicable laws and regulations. The other choices highlight roles that are generally not associated with lawyers in real estate transactions. For example, creating property listings and marketing properties typically fall within the purview of real estate agents. While lawyers may interact with real estate salespersons, their primary obligation is to their clients, rather than directly liaising with real estate agents. Additionally, while adherence to ethical standards is vital for many professionals in real estate, lawyers operate under different regulations than those outlined in the Real Estate and Business Brokers Act (REBBA) or the standards set by the Appraisal Institute of Canada (

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