Humber/Ontario Real Estate Course 2 Exam Practice

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During a title search, what information can Lawyer Martinez obtain about a specific property?

Outstanding mortgages relating to the property
Confirmation that the property is in compliance with municipal zoning bylaws
The assessed value of the property
Whether or not there are any executions registered against the seller

The correct answer is: Outstanding mortgages relating to the property

During a title search, Lawyer Martinez can obtain information about outstanding mortgages relating to the property. This is crucial for understanding the financial obligations tied to the property, as any outstanding mortgages will need to be settled during the property transfer process. Checking for outstanding mortgages is a standard practice to ensure that the buyer is well-informed about the property's financial history. While other information, such as confirmation that the property is in compliance with municipal zoning bylaws, the assessed value of the property, and whether or not there are any executions registered against the seller, may also be important in a real estate transaction, these details are not typically obtained during a title search. Each of these pieces of information has its importance but is not directly related to the title of the property and its ownership history, which is the primary focus of a title search.