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HUMBER REAL ESTATE ACTUAL COMPREHENSIVE EXAM QUESTIONS AND ANSWERS SURE A.pdf

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HUMBER REAL ESTATE ACTUAL COMPREHENSIVE EXAM QUESTIONS AND ANSWERS SURE A.pdf

Institution
AZURE TIDE REAL ESTATE
Course
AZURE TIDE REAL ESTATE

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HUMBER REAL ESTATE ACTUAL COMPREHENSIVE
EXAM QUESTIONS AND ANSWERS SURE A+
✔✔Land Titles Absolute Plus - ✔✔Owners wishing to develop property by registering a
plan of subdivision or condominium on an LTCQ parcel must apply to upgrade the title
to a ______ _______ __________ ________.

✔✔The property is free of any encumbrances and the title cannot be disputer by
anyone. - ✔✔What does 'Land Titles Absolute Plus' mean?

✔✔Adjoining properties - ✔✔In which type of property are title problems most common?

✔✔- "Individual parcel" (referenced by a Property Identification Number or PIN)
- Individual name
- Municipal address
- Mapping
- Registered instrument number
- Condominium plan
- Plan of Subdivision - ✔✔POLARIS permits the user to find property by what
information?

✔✔- Block Index Map
- Property Index Map - ✔✔What are the 2 types of maps used in the POLARIS system?

✔✔- Title Index Database
- Property Index Database
- Image Database - ✔✔What are the 3 different databases that Teraview accesses
within POLARIS?

, ✔✔Replaces the abstract indexes and parcel registers found in the traditional paper-
based land registry office. The database is automatically updated as new documents
are registered. - ✔✔Describe the Title Index Database

✔✔Provides visual indexing maps to locate properties. Updates occur following
document registration when mapping amendments are made relating to property
boundaries. - ✔✔Describe the Property Index Database

✔✔Includes plans as well as images of all active instruments in the title index database.
E-registration documents are updated shortly after registration. Paper-based documents
are collected on microfilm and then transferred to the image database. - ✔✔Describe
the Image Database

✔✔- Transfer/Deed of Land
- Charge/Mortgage of Land
- Discharge of Charge/Mortgage of Land
- Document General
- Schedule - ✔✔What are the 5 standard documents set out by The Land Registration
Reform Act?

✔✔The Land Transfer Tax Affidavit - ✔✔What document is normally registered along
with the Transfer/Deed of Land?

✔✔Charge/Mortgage of Land form - ✔✔What standard form is used to register a
mortgage under either the Registry or Land Titles system?

✔✔Discharge of Charge/Mortgage form - ✔✔What standard form is used to discharge a
mortgage under either the Registry or Land Titles system?

✔✔A blank form used to register any documents that are not a transfer, charge or
discharge. It's used in a variety of circumstances associated with property titles, such as
notices of liens on a property or a registration of a power of attorney. - ✔✔What is a
Document General?

✔✔Title documents being created, submitted and maintained in electronic form. - ✔✔E-
registration refers to what?

✔✔- Crown grants
- Declaration and description for the registration of a condominium
- Documents that are too large for the e-registration system - ✔✔What documents must
be registered in-person on paper in the traditional way?

✔✔- Draft document (i.e. Transfer/Deed of Land)
- Document forwarded to receiving lawyer who updates/amends if necessary

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Institution
AZURE TIDE REAL ESTATE
Course
AZURE TIDE REAL ESTATE

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