Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with tailored quizzes and study materials. Test your knowledge with multiple-choice questions designed to help you excel in your real estate career. Get ready to pass your exam with confidence!

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Which is an accurate method to establish legal title for a newly-created lot from a larger property?

Registering a reference plan with full consents and approvals
Preparing a survey map
I notifying municipal authorities
Hand-written agreement between parties
Affidavit from the property owner
A lease agreement for the new lot

The correct answer is: Registering a reference plan with full consents and approvals

Registering a reference plan with full consents and approvals is the accurate method to establish legal title for a newly-created lot from a larger property. This process involves surveyors creating a plan that accurately subdivides the larger property into the new lot and follows all legal requirements and municipal bylaws. By registering this reference plan with full consents and approvals, the new lot is officially recognized, and legal title is established. Preparing a survey map (Option B) is important in the process but alone does not establish legal title. Notifying municipal authorities (Option C) is a necessary step but does not solely establish legal title. A hand-written agreement between parties (Option D) and an affidavit from the property owner (Option E) may not carry the same legal weight or provide the necessary formal documentation to establish legal title. A lease agreement for the new lot (Option F) does not establish legal ownership but rather outlines a temporary agreement for use.