Humber/Ontario Real Estate Course 1 Exam Practice

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The acronym POTL stands for:

  1. Parcel of tied land.

  2. Part of titled lot.

  3. Parcel of titled land.

  4. Property of tied land.

  5. Property of titled lot.

  6. Part of tied land.

The correct answer is: Part of titled lot.

The correct answer is "Part of titled lot." The acronym POTL stands for "Part of titled lot," which refers to a portion of land that is legally described within a larger titled lot. This term is commonly used in real estate transactions to specify a particular section of a larger property for legal or development purposes. Option A, C, D, E, and F are incorrect: - A (Parcel of tied land), C (Parcel of titled land), D (Property of tied land), and F (Part of tied land) do not accurately represent the correct meaning of the acronym POTL. - E (Property of titled lot) does not correctly represent the acronym POTL and its intended meaning in real estate terminology.

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