Humber/Ontario Real Estate Course 1 Exam Practice

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Which of the following statements accurately describes a Property Identification Number (PIN) in the land registration system?

  1. The PIN is a unique number assigned to each parcel of land in the land registration system.

  2. There is one method used to convert titles from Registry to Land Titles.

  3. The Land Titles Conversion Project involves the conversion of Land Titles records to Registry.

  4. The PIN must be known in order to access property details from POLARIS.

  5. Each property shares a PIN with adjacent parcels.

  6. PINS are only applied to commercial properties.

The correct answer is: The PIN is a unique number assigned to each parcel of land in the land registration system.

The statement that the Property Identification Number (PIN) is a unique number assigned to each parcel of land in the land registration system is accurate. The PIN plays a critical role in identifying properties specifically and distinctly, which helps in the organization and management of property records. This uniqueness is essential for various purposes, such as facilitating transactions, ensuring clear title, and providing ease of access to property information. The other statements do not represent accurate information regarding the PIN. For example, the method for converting titles from Registry to Land Titles is not singular and involves various processes. Moreover, the Land Titles Conversion Project specifically pertains to the conversion of Registry records to Land Titles, not the other way around. Additionally, while the PIN is used to access property details from the POLARIS system, it is not the only detail needed. Furthermore, each property does not share a PIN with adjacent parcels; rather, each property has its own unique PIN. Lastly, PINS are applied to both residential and commercial properties, not just limited to commercial properties, making the assertion incorrect.

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