Ontario Real Estate Licensing Exam Practice · Question
FINTRAC client ID obligations apply:
All parties must be identified.
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Question: FINTRAC client ID obligations apply:
Answer options: ✅ Both buyer and seller side
- Buyer only
- Seller only
- Never
Correct answer: Both buyer and seller side
Explanation: All parties must be identified.
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- A buyer is considering a mortgage product that allows them to prepay a portion of their principal at any time
- A commercial property in Toronto is sold for $2,000,000. The vendor is an HST registrant. What is the buyer's
- What is the primary purpose of registering a deed under the Registry Act in Ontario?
- What is the primary role of a 'title search' in a residential real estate transaction in Ontario?
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