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HUMBER REAL ESTATE UPDATED FINAL EXAM QUESTIONS AND ANSWERS SURE A.pdf

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HUMBER REAL ESTATE UPDATED FINAL EXAM QUESTIONS AND ANSWERS SURE A.pdf

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AZURE TIDE REAL ESTATE
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AZURE TIDE REAL ESTATE

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HUMBER REAL ESTATE UPDATED FINAL EXAM
QUESTIONS AND ANSWERS SURE A+
✔✔- Municipal address
- Dimensions & bearings
- Designation of adjacent properties, roads, lands, etc.
- Location & description of notable improvements (overhangs, fences, driveways, pools,
trees, etc.)
- Easements, rights-of-way or encroachments (hydro lines, telephone, etc.)
- Location of monuments
- Note indicating who the survey was prepared for
- Certification by an Ontario land surveyor
- Written report - ✔✔To be complete and accurate, the Surveyor's Real Property Report
must have what?

✔✔A survey with multiple purposes that normally describes more than one interest in
land and is officially submitted to the land registry office. - ✔✔What is a Reference Plan
(R-Plan)?

✔✔- Severance of an existing parcel of land
- First application (first registration) under the Land Titles Act
- When the land registrar determines that the title is too vague or complex, an R-plan
would be requested for clarity - ✔✔What are R-Plans normally required for?

✔✔Can't be registered at a land registry office because it lacks certification, but could
be useful to a homeowner to establish property boundaries (i.e. to secure a building
permit). - ✔✔What is the purpose of a Plan of Survey?

✔✔No.
The need for a new survey will depend on the individual buyer, and often the lender.
The responsibility for paying for a new survey would be negotiated between the buyer &
seller. - ✔✔Is a new survey required when buying or selling a property?

, ✔✔No. A photocopy may be altered in some way or may not show all of the information
from the original survey. A copy of the plan that does not bear an impressed seal may
not be a valid copy of the original plan. - ✔✔Can a photocopy of a survey plan be
accepted as authentic?

✔✔The legal description of the property. - ✔✔What is a "Land Description"?

✔✔They clearly identify the property (vs. a more generic municipal address like 14 Main
St.) - ✔✔Why are land descriptions important?

✔✔- A title is transferred
- A property is mortgaged
- An easement is registered
- Every transaction by a salesperson (i.e. in the listing & Agreement of Purchase and
Sale) - ✔✔When is a legal land description used?

✔✔- Deed
- Survey
- Registry & municipal assessment records
- Municipal tax bills - ✔✔Where can you find a property's legal land description?

✔✔- Locational Reference
- Encumbrances (restrictions / easements)
- Municipality / Registry Office - ✔✔What are the parts of a legal land description?

✔✔The Real Property Registration Branch of The Ministry of Government and
Consumer Services - ✔✔Land registration is administered by what branch of
government?

✔✔The Registry System - ✔✔What land registry system has traditionally prevailed in
Southern Ontario?

✔✔The Land Titles System - ✔✔What land registry system is the majority of Northern
Ontario under?

✔✔To provide statutory rules affecting interests with respect to any particular parcel of
land and the priority of those interests. These acts attempt to induce prompt registration
and to indicate clearly what interests are claimed in the land thus facilitating the sale of
real property. - ✔✔What is the joint purpose of the Registry Act and the Land Titles Act?

✔✔No. - ✔✔Can land be registered under both the Registry Act and the Land Titles
Act?

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