Ontario Barrister and Solicitor Practice Exam 2025 - Free Barrister and Solicitor Practice Questions and Study Guide

Image Description

Question: 1 / 400

What must a real estate lawyer do when learning of an addendum to the purchase price?

Inform only the purchaser

Provide a copy of the changes to all parties

A real estate lawyer is responsible for facilitating the transfer of property ownership between parties. When an addendum to the purchase price is discovered, it is essential for the lawyer to inform all involved parties of the change. Option A is incorrect because the lawyer has a duty to ensure all parties are aware of important changes. Option B is incorrect because simply withdrawing from the transaction is not enough in this case, as it does not address the necessary communication with all parties involved. Option D is incorrect because confidentiality is not involved when notifying parties of changes to the purchase price.

Get further explanation with Examzify DeepDiveBeta

Withdraw immediately

Keep the information confidential

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy