Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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When a property is expropriated, what occurs?

The government takes back property for public use, compensating the owner.
The property's title is transferred voluntarily.
The municipality converts the property for residential use.
Property rights are given to heirs without due process.
The property reverts to the state due to unpaid property taxes.
The land is parceled out for public auction.

The correct answer is: The government takes back property for public use, compensating the owner.

The correct answer is that when a property is expropriated, the government takes back the property for public use, compensating the owner. Expropriation is a legal process where the government acquires private property for public purposes, such as building roads, schools, or other infrastructure projects. Importantly, the law mandates that the property owner receives fair compensation for their loss, which is intended to reflect the market value of the property at the time of the expropriation. The process is designed to balance the needs of the public with the rights of individual property owners, ensuring that while the government can advance public interests, private property rights are also respected through just compensation. This makes expropriation an essential tool for urban planning and development while adhering to legal and ethical standards.