Humber/Ontario Real Estate Course 1 Exam Practice

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Which of the following statements is accurate regarding governmental rights over property ownership?

  1. A building code doesn't include zoning bylaws

  2. Escheat involves government action to acquire private property for the public good

  3. The government can't impose taxes other than annual property taxes

  4. The government can take over ownership of a property if the owner dies without a will or legal heir

  5. The government has no rights over privately owned commercial property

  6. Zoning bylaws do not affect residential properties

The correct answer is: The government can take over ownership of a property if the owner dies without a will or legal heir

The correct answer is D. The statement "The government can take over ownership of a property if the owner dies without a will or legal heir" is accurate because in cases where a property owner dies intestate (without a will) and without any legal heir, the government can claim ownership of the property through a process called escheat. Escheat allows the government to acquire ownership of property for the benefit of the public when there is no rightful owner. Option A is incorrect because building codes are different from zoning bylaws. Building codes regulate the construction and safety standards of structures, while zoning bylaws control land use and development in specific areas. Option B is partially correct; escheat does involve the government acquiring private property for the public good, but it specifically applies in cases where the owner dies without a will or legal heir. Option C is incorrect because the government can impose taxes other than annual property taxes, such as income taxes, sales taxes, and capital gains taxes, among others. Option E is incorrect because the government does have rights over privately owned commercial property, especially concerning regulations, taxation, and eminent domain. Option F is incorrect because zoning bylaws impact both residential and commercial properties by regulating land use, building sizes, and other

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