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!

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!

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What is a notable characteristic of the registry system in real estate?

It operates similarly to the land titles system
It is based on a detailed examination of records
It assures title without necessitating record checks
It covers most rural areas only
It prohibits adverse possession claims
It includes built-in indemnity insurance

The correct answer is: It is based on a detailed examination of records

The correct answer is B because the notable characteristic of the registry system in real estate is that it is based on a detailed examination of records. In a registry system, every transaction concerning a property is recorded in a public register, allowing for transparency and a thorough documentation of ownership history. This detailed examination of records helps ensure the accuracy of information and provides a reliable source for determining ownership rights and any possible encumbrances on the property. The other options are incorrect because they do not reflect the core characteristic of the registry system as described above.