Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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Seller Zeigler owns vacant land with a legal description reading the northeast 1/4 of Lot 9, Concession VII. What is the approximate size of the property?

25 acres
50 acres
100 acres
33 1/3 acres
75 acres
60 acres

The correct answer is: 50 acres

The correct answer is B. 50 acres. To determine the size of the property with a legal description reading the northeast 1/4 of Lot 9, Concession VII, we need to understand the meaning of the legal description. In this case, the legal description indicates a quarter of a lot in the northeast part of the land. Concession VII refers to a specific area or range of land. Lot 9 within Concession VII is the specific lot being referred to. Therefore, the northeast 1/4 of Lot 9 means that the property is a quarter of Lot 9, located in the northeast portion of that lot. When calculating the approximate size of the property, we need to know the total size of Lot 9 in Concession VII. Typically, a standard lot in Ontario is 200 acres. Therefore, a quarter of Lot 9 would be 1/4 of 200 acres, which equals 50 acres. This makes option B, 50 acres, the correct answer.