Humber/Ontario Real Estate Course 1 Exam Practice

What function does the POLARIS system perform besides title automation?

1. Acts as a strict title index

2. Operates on a property mapping basis

3. Guarantees title

4. Manages neighborhood assessments

5. Tracks property sales history

6. Evaluates land tax efficiency

The correct answer is: Guarantees title

The correct answer is C. POLARIS system guarantees title. This means that the system provides assurance that the property title being transferred is authentic and legitimate, giving confidence to both the buyer and the seller. Option A, acting as a strict title index, is not the main function of the POLARIS system. While it does deal with title information, it goes beyond just being an index. Option B, operating on a property mapping basis, is not the primary function of the POLARIS system. Mapping may be a part of the system but it is not the main purpose. Option D, managing neighborhood assessments, is not a key function of the POLARIS system. Neighborhood assessments may be important in real estate but are not directly related to title guarantees. Option E, tracking property sales history, is not the main function of the POLARIS system. While it may contain some historical data, its primary role is not centered around tracking sales history. Option F, evaluating land tax efficiency, is not a function of the POLARIS system. Tax efficiency may be a consideration in real estate transactions but is not within the scope of what POLARIS system does.