Humber/Ontario Real Estate Course 1 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is a correct characteristic of the registry system?

Involves the indexing of abstract books using people's names.
Typically requires a minimum 20-year search of registry records to establish valid title.
A simple and straightforward system.
Was originally designed using paper-based abstract books to record property interests.

The correct answer is: Involves the indexing of abstract books using people's names.

The registry system is indeed characterized by the indexing of abstract books using people's names. This method allows for the systematic organization of property records, making it easier to track ownership and interests in real estate. In this system, land titles are recorded in a manner that links them directly to the individual or entity that holds the interests. This focus on individual ownership is fundamental to the registry's function, providing clarity and accessibility to property information for buyers, sellers, and other stakeholders in real estate. Understanding this aspect is vital for practitioners in real estate, as it underscores the importance of accurate record-keeping and the ease of searching property ownership and historical interests, which is a key service provided by this system.