Humber/Ontario Real Estate Course 1 Exam Practice

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What is Form 1, as set out by the Land Registration Reform Act, called?

  1. General Document

  2. Charge

  3. Deed of Land

  4. Transfer/Deed of Land

  5. Transfer Document

  6. Registration Document

The correct answer is: Transfer/Deed of Land

The correct answer is the Transfer/Deed of Land. Form 1, as established under the Land Registration Reform Act, specifically serves to facilitate the transfer of land ownership from one party to another. It acts as a formal document that records necessary details regarding the transaction, including the parties involved, the land being transferred, and any relevant financial considerations. This form is crucial in the real estate process, ensuring that all legal requirements are met for the transfer to be recognized officially. It provides clarity and protects the interests of both the buyer and the seller in a real estate transaction. Therefore, understanding the significance of this form is essential for anyone involved in real estate practices in Ontario.

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