Humber/Ontario Real Estate Course 2 Exam Practice

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The acronym POTL stands for:

  1. Parcel of tied land

  2. Parcel of titled land

  3. Part of titled lot

  4. Property of tied land

  5. Piece of titled land

The correct answer is: Parcel of tied land

The correct answer is "A. Parcel of tied land." In real estate, the acronym POTL refers to "Parcel of tied land," which is a type of land tenure where the land is tied to a building. This means that the ownership of the land and the building are linked together as one unit. This type of ownership structure is commonly found in condominiums, where each unit owner typically owns a parcel of tied land along with their unit. The other options are incorrect because they do not accurately represent the meaning of the POTL acronym in real estate.

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