Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

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During the requisition period, if a buyer's lawyer files an objection regarding a defect in title because an old severance did not comply with the Planning Act, this is known as:

An environmental compliance objection.
A survey discrepancy.
A title abstract issue.
A zoning bylaw infraction.
An objection to a root of title.
An encroachment issue.

The correct answer is: An objection to a root of title.

During the requisition period in a real estate transaction, if a buyer's lawyer files an objection regarding a defect in title because an old severance did not comply with the Planning Act, this is known as an objection to a root of title. In real estate transactions, the root of title refers to the deed and its conveyance back to a previous owner. When an objection is made to the root of title, it means that there is a defect or issue with the ownership history that could affect the buyer's ability to obtain clear and marketable title. The other options are incorrect because: - An environmental compliance objection would pertain to issues related to environmental regulations and compliance. - A survey discrepancy would involve differences or errors in survey measurements or boundaries. - A title abstract issue would relate to problems with the summary of the history of the property's title. - A zoning bylaw infraction would refer to a violation of zoning regulations. - An encroachment issue would involve a situation where a structure or improvement on one property extends onto another property.