Humber/Ontario Real Estate Course 1 Exam Practice

Which is NOT a principle of the Land Titles system?

1. The Curtain Principle

2. The Insurance Principle

3. The Mirror Principle

4. The Title Principle

5. The Mortgage Principle

6. The Registry Principle

The correct answer is: The Curtain Principle

The correct answer is rooted in understanding the principles that guide the Land Titles system. The concept of the "Curtain Principle" is not associated with this system, which is designed to provide a clear, definitive, and accessible record of land ownership. In the Land Titles system, principles such as the Mirror Principle and the Insurance Principle are crucial. The Mirror Principle ensures that the register reflects the true state of ownership; it mirrors the interests in the land as they exist. The Insurance Principle provides protection to owners against specific claims, ensuring that if a mistake occurs in the register, there is a form of compensation. The Title Principle emphasizes that the title issued is conclusive evidence of ownership, while the Registry Principle relates to a system where land ownership is recorded, albeit with less certainty compared to the Land Titles system. The Mortgage Principle pertains to the rights associated with property financing but does not directly define the foundational principles of land registration itself. This context explains why the Curtain Principle stands out as not being a recognized principle within the framework of the Land Titles system.