Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam. Utilize flashcards and multiple choice questions with hints and explanations. Get exam-ready!

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

  1. Offer and acceptance

  2. Competent parties

  3. Lawful objective

  4. Conditional approval

  5. Consideration

  6. Mutual consent

The correct answer is: 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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