Humber/Ontario Real Estate Course 1 Exam Practice

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Which of the following is NOT correct regarding a land description in real estate transactions?

Land must be described precisely to avoid confusion
Legal descriptions are found in deeds
Tax assessment notices are primary documents for land descriptions
The terms land description and legal description refer to the same thing
The zoning of the land is part of the legal description
Legal descriptions specify property boundaries

The correct answer is: Tax assessment notices are primary documents for land descriptions

In real estate transactions, tax assessment notices are not primary documents for land descriptions. Tax assessment notices are related to the valuation of the property for tax purposes and do not provide detailed legal descriptions necessary for land transactions. Legal descriptions are typically found in deeds, and they are crucial for accurately identifying and conveying the property. Legal descriptions must be precise to avoid any confusion or disputes regarding the property boundaries. Additionally, the zoning of the land is not part of the legal description but is a separate aspect that governs how the property can be used or developed.