Humber/Ontario Real Estate Course 1 Exam Practice

What is the primary purpose of an easement in real estate?

1. It allows extended payment terms for property taxes.

2. It grants the right for a property owner to use a portion of another property.

3. It establishes the dimensions of a property lot.

4. It provides government-directed appraisal of a property’s value.

5. It offers zoning variance requests for commercial developments.

6. It simplifies the property transfer process between family members.

The correct answer is: It grants the right for a property owner to use a portion of another property.

An easement in real estate is a legal right given to use part of another person's land for a specific purpose. This could include a right of way for utilities, a shared driveway, or access to a water source. The primary purpose of an easement is to provide the property owner with certain usage rights over another property, making option B the correct answer. Options A, C, D, E, and F do not accurately reflect the primary purpose of an easement. Option A discusses extended payment terms for property taxes, which is unrelated to easements. Option C involves establishing the dimensions of a property lot, which is typically done through legal surveys. Option D talks about government-directed appraisal of a property's value, which is a separate concept from easements. Option E mentions zoning variance requests for commercial developments, which is a planning and development matter. Option F refers to simplifying the property transfer process between family members, which could involve estate planning but is not directly related to easements.