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 e-registration is used in a real estate transaction, which software might lawyers use?

QuickBooks
Teraview
AutoCAD
SoftPlan
FINTRAC
MLS

The correct answer is: Teraview

When e-registration is used in a real estate transaction, lawyers might use Teraview software. Teraview is specifically designed for managing electronic land registration in Ontario. QuickBooks is an accounting software, AutoCAD and SoftPlan are design software used in architecture, FINTRAC deals with financial transactions related to anti-money laundering laws, and MLS (Multiple Listing Service) is used for listing properties for sale. Out of all the options, Teraview is tailored for land registration purposes, making it the correct choice in this scenario.