Humber/Ontario Real Estate Course 1 Exam 2025 – 400 Free Practice Questions to Pass the Exam

The process of finalizing an agreement with electronic signatures typically includes the acknowledgment of receipt by both parties. This step ensures that both the seller and the buyer confirm they have received the signed documents, which is crucial in establishing that both parties are in agreement and understand the terms being set forth.

In the context of a real estate transaction, it's important that both parties acknowledge their receipt to create a legally binding contract. Acknowledgment serves to solidify the transaction and confirms that both are aware of and agree to the contents of the agreement.

The validation of electronic agreements thus hinges upon both parties' acknowledgment, which acts as a clear affirmation that they are accepting the electronic signatures and the contents of the document. This solidifies the legal standing of the agreement and contributes to a smooth transaction process.