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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Which fund might assist an individual defrauded of title to property where the fraudster cannot be located?

Land Titles Assurance Fund.
Title Fraud Compensation Fund.
Ownership Compensation Fund.
Errors or Omissions Fund.
Trust Compensation Fund.
Registry Protection Fund.

The correct answer is: Title Fraud Compensation Fund.

The correct answer is B. Title Fraud Compensation Fund. This fund is designed to assist individuals who have been defrauded of title to their property when the fraudster cannot be located. The Title Fraud Compensation Fund provides compensation to victims of title fraud, offering some financial relief in such unfortunate circumstances. The other options (A, C, D, E, F) are not accurate because they do not specifically address the situation of being defrauded of title to property when the fraudster cannot be located. These funds may have different purposes in real estate transactions but are not directly related to assisting individuals in cases of title fraud where the fraudster is untraceable.