Humber/Ontario Real Estate Course 1 Exam Practice

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What type of property system uses a block number and property index number?

Indexed Property System (IPS)
Land Information System (LIS)
POLARIS
Territorial Registry System (TRS)
Unified Property Database (UPD)
Virtual Property System (VPS)

The correct answer is: POLARIS

POLARIS stands for Property Ownership and Land Registration Information System and it is a type of electronic property system used by many countries. It uses a block number and property index number to identify and record land ownership information. While the other options may be used in different contexts, they are not specifically associated with the use of a block number and property index number to manage properties. For example, Unified Property Database (UPD) is a term that could be used for a database system but it doesn't specifically refer to properties. Similarly, Virtual Property System (VPS) is a broad term that could encompass any type of virtual or online property management system, but it is not specific to the use of a block number and property index number. Therefore, POLARIS is the correct answer to the question.