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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In a title search involving the conveyance of property, the search typically:

Includes both title and certain non-title research encompassing aspects like work orders.
Focuses exclusively on the historical ownership chain.
Distinguishes whether a property can be closed based on marital spousal consent.
Examines environmental issues exclusively.
Ignores deficiencies discovered at the last minute before closing.
Is only concerned with financial encumbrances on the property.

The correct answer is: Includes both title and certain non-title research encompassing aspects like work orders.

In a title search involving the conveyance of property, the search typically includes both title and certain non-title research encompassing aspects like work orders. This is because conducting a comprehensive title search is essential to ensure that the property being conveyed has a clear title, free from any liens, encumbrances, or other issues that could affect the transfer. In addition to examining the historical ownership chain, other factors like work orders, existing agreements, and potential legal or zoning issues must also be investigated to provide a complete picture of the property's status. This holistic approach is crucial in identifying any potential obstacles or concerns that may impact the smooth transfer of ownership.