Humber/Ontario Real Estate Course 1 Exam Practice

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Which statement is inaccurate about land registration systems and organizations?

  1. GeoWarehouse is used by registrants for property details

  2. OnLand is accessible to the general public

  3. POLARIS is operated by the Teranet network

  4. The general public can use Teraview for property searches

  5. Teranet is the system managing real estate transactions

  6. POLARIS allows public real-time access to property data

The correct answer is: GeoWarehouse is used by registrants for property details

The statement that "GeoWarehouse is used by registrants for property details" is inaccurate. GeoWarehouse is actually a web-based tool used by real estate professionals to access property information, including Parcel Registers*, Instrument Images, and more. It is not used by registrants, which refers to individuals who are registered with RECO (Real Estate Council of Ontario) to trade in real estate. Regarding the other options: B. OnLand is accessible to the general public - This statement is accurate. OnLand is a platform that provides public access to Ontario's electronic land registration documents. C. POLARIS is operated by the Teranet network - This statement is accurate. POLARIS is a part of the Teranet network and is the provincial system used to store and manage all land-related documents in Ontario. D. The general public can use Teraview for property searches - This statement is inaccurate. Teraview is a system used by legal professionals, such as lawyers and notaries, for accessing and registering documents related to real estate transactions. E. Teranet is the system managing real estate transactions - This statement is accurate. Teranet is the organization responsible for managing Ontario's electronic land registration system. F. POLARIS

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