Humber/Ontario Real Estate Course 1 Exam Practice

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What is one of the main functions of a property survey?

To estimate the market value of the property
To determine property boundaries
To inspect the physical condition of the structures
To list all previous owners

The correct answer is: To determine property boundaries

Determining property boundaries is a fundamental function of a property survey. Surveys provide precise measurements and delineate the exact limits of a parcel of land, which is crucial for various purposes such as real estate transactions, construction, and property disputes. Knowing the boundaries helps property owners understand what land they legally own and where they can build or make improvements. Other options, while important in their own contexts, do not serve the primary purpose of a property survey. Estimating the market value of a property is usually done through appraisals, inspecting the physical condition of structures falls under property inspections, and listing all previous owners is related to title searches rather than surveys. Each of these processes has its specific focus and methodologies, distinguishing them from the boundary determination central to property surveys.