Humber/Ontario Real Estate Course 1 Exam Practice

Which is NOT one of the three principles under the land titles system?

1. Curtain Principle

2. Insurance Principle

3. Mirror Principle

4. Title Principle

5. Trust Principle

6. Value Principle

The correct answer is: Title Principle

The Title Principle is not one of the three principles under the land titles system. The land titles system operates primarily under the following three key principles: 1. **Mirror Principle**: This states that the register reflects the true state of the title to the property at any given time. It ensures that anyone looking at the land title register can see the current ownership and any encumbrances clearly. 2. **Curtain Principle**: This principle indicates that the title register is conclusive proof of ownership and the details it contains should be sufficient for anyone to understand the title without needing to look behind the curtain at past transactions. 3. **Insurance Principle**: This principle assures that if there are any errors in the title that lead to a loss, the land titles system provides some form of compensation or insurance for the affected parties. While the Title Principle could be assumed to be relevant to land ownership, it does not specifically align with the established principles in the land titles system. Other terms such as Trust Principle or Value Principle, while they may relate to property and real estate concepts, are also not recognized principles within the framework of the land titles system.