Humber/Ontario Real Estate Course 1 Exam Practice

What does the land titles system use to record property interests?

1. Property abstracts

2. Land atlases

3. Parcel registers

4. Property maps

5. Title deeds

6. Grant books

The correct answer is: Parcel registers

The land titles system is designed to provide a clear and reliable record of property interests, which is essential for ensuring confidence in real estate transactions. The correct answer, which identifies that parcel registers are used, reflects this system's emphasis on accurate and comprehensive public documentation. Parcel registers systematically record information about each individual piece of land, including ownership details, encumbrances, and other interests. This centralized method enables both buyers and sellers to verify property titles and understand any obligations or rights attached to a property. In contrast, property abstracts, land atlases, property maps, title deeds, and grant books serve different functions or do not provide the same level of detail regarding current ownership and interests. For instance, property abstracts summarize the history of ownership but lack real-time updates found in parcel registers. Land atlases and property maps may show geographical layouts but do not document specific property interests. Title deeds are historical documents proving ownership but do not serve as a live register. Lastly, grant books typically contain records of property grants rather than current ownership. Thus, the use of parcel registers in the land titles system ensures that all transactions are recorded in a way that accurately reflects the current state of property interests.