Humber/Ontario Real Estate Course 2 Exam Practice 2025 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 1300

Which of the following is NOT necessary for a valid real estate contract?

Offer and acceptance

Competent parties

Lawful objective

Conditional approval

Conditional approval is not necessary for a valid real estate contract. In a real estate contract, the parties must first agree on the terms without any conditions attached. Conditional approval would imply that certain conditions need to be met before the contract is considered valid, which goes against the fundamental concept of offer and acceptance in contract law. Therefore, the presence of conditional approval would make the contract invalid. The other options (A, B, C, E, F) are essential elements for a valid real estate contract.

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