Humber/Ontario Real Estate Course 1 Exam Practice

What is one key difference between the registry system and the land titles system?

1. The registry system is newer and operates on mirror, curtain, and insurance principles

2. All new subdivisions must be registered under the registry system

3. Under the land titles system, title cannot be acquired through adverse possession

4. Title is verified by the Land Registrar under the registry system

5. The registry system is mandatory for all condominium projects

6. The land titles system requires additional property assessments

The correct answer is: Under the land titles system, title cannot be acquired through adverse possession

One key difference between the registry system and the land titles system is that under the land titles system, title cannot be acquired through adverse possession. Adverse possession is a legal concept where someone can gain ownership of land by occupying it continuously for a certain period of time, openly and without permission. In the land titles system, this method of acquiring ownership is not applicable, making it a distinguishing feature from the registry system. Options A, B, D, E, and F are incorrect because they do not accurately highlight the key difference between the two systems. The registry system indeed operates on mirror, curtain, and insurance principles, new subdivisions are not mandatory under the registry system, title verification by the Land Registrar is a feature of the registry system, the registry system is not mandatory for all condominium projects, and the land titles system does not require additional property assessments as suggested in the provided options.