OACIQ Practice Exam 2025 - Free Real Estate Brokerage Practice Questions and Study Guide

Including the cadastral description of the private portion in the MLS (Multiple Listing Service) description for a condominium is essential because it provides clear and precise information about the specific property being listed. The cadastral description serves as a formal record detailing the boundaries and location of the property, which is critical for potential buyers to understand the extent of what they are purchasing. This legal detail is vital for ensuring that buyers have a thorough understanding of the property in question, including its dimensions and exact placement within the larger development.

The other options pertain to various aspects of real estate transactions but do not directly enhance the MLS description in the same way. For example, non-owner signatory requirements relate to who can sign documents on behalf of the owner, which is important but not relevant to the property listing itself. Similarly, partners of acquisitions might involve contractual agreements among buyers, which again does not belong in the MLS description. Lastly, promise to purchase conditions are part of the negotiations in a real estate transaction, and while important, they do not provide the descriptive detail needed for an MLS listing.