Humber Real Estate - Course 1, Module 4 All Answers Correct

Humber Real Estate - Course 1, Module 4 All Answers Correct - "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? - 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? - Block Index Map - Property Index Map ️What are the 2 types of maps used in the POLARIS system? - 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? - Deed - Survey - Registry & municipal assessment records - Municipal tax bills ️Where can you find a property's legal land description? - Draft document (i.e. Transfer/Deed of Land) - Document forwarded to receiving lawyer who updates/amends if necessary - Solicitors confirm document is acceptable electronically (i.e. electronic signature) - Both solicitors electronically release the document for registration ️What are the steps of E Registration? - Land Titles Absolute (LTA) - Land Titles Conversion Qualified (LTCQ) ️What are the two systems that operate within the overall Land Titles System? - Locational Reference - Encumbrances (restrictions / easements) - Municipality / Registry Office ️What are the parts of a legal land description? - Mirror principle - Curtain principle - Insurance principle ️What are the 3 principles that the Land Titles system is based on? - 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? - Research (info available re: legal description, easements, etc.) - Measurement - Monumentation (physical markers/posts located at regular intervals around the property boundary) - Plan and/or Report ️According to The Association of Ontario Land Surveyors, what are the 4 components of a survey? - 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? - Single front - Double front - Sectional ️Name the 3 types of township lots. - Surveyor's Real Property Report - Reference Plan (R-Plan) - Plan of Survey - Plan of Subdivision ️What are the most common types of surveys? - The Description - The Declaration ️What are the 2 documents required for condominium registration, which