Humber/Ontario Real Estate Course 1 Exam Practice

Which of the following aspects is NOT a key principle in the land titles system?

1. The curtain principle

2. The insurance principle

3. The retrospective principle

4. The mirror principle

5. The indefeasibility principle

6. The notification principle

The correct answer is: The retrospective principle

The land titles system is based on several key principles that help ensure the security and integrity of property ownership. The curtain principle refers to the idea that ownership and interests in the property are shown on the title itself, while the mirror principle means that the title accurately reflects the current state of ownership. The insurance principle states that the government provides a guarantee of the title’s accuracy and integrity, and the indefeasibility principle means that once a title is registered, it cannot be easily challenged or overturned. Among the options provided, the retrospective principle is NOT a key principle in the land titles system. The retrospective principle suggests that the title’s validity can be challenged based on past events or transactions, which goes against the concept of indefeasibility in the land titles system. In practice, the system aims to provide certainty and security by focusing on current ownership status rather than revisiting historical transactions.