Humber/Ontario Real Estate Course 2 Exam Practice

What is required for the owner of a 20-acre land parcel to sell half (10 acres) to a friend?

1. Approval from the local authority to subdivide the land.

2. Confirmation that the new parcel can be serviced by utilities.

3. Municipal confirmation that a building permit is obtainable.

4. Consent from the local authority for a land severance.

The correct answer is: Consent from the local authority for a land severance.

For the owner of a 20-acre land parcel to sell half (10 acres) to a friend, consent from the local authority for a land severance is required. Land severance is the process of dividing a parcel of land into two or more separate lots. In this case, the owner would need to get approval from the local authority to sever the land into two separate parcels before selling half of it. Option A, which mentions approval from the local authority to subdivide the land, is not entirely correct because subdivide typically refers to dividing a parcel of land into three or more lots, not just two. Option B, regarding confirmation that the new parcel can be serviced by utilities, is not directly related to the process of land severance required in this scenario. While utility services are essential for future development on the land, they are not the immediate requirement to sell half of the parcel. Option C mentions municipal confirmation that a building permit is obtainable, which is irrelevant in this context as the question pertains to the sale of land, not the construction of buildings on it. Obtaining a building permit would come into play once development is planned on the land after the sale.