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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Which term refers to the transfer of property ownership without financial compensation?

Assignment
Equitable title
Gift
Grant

The correct answer is: Grant

Grant refers to the transfer of property ownership without financial compensation, making it the correct term in this scenario. A. Assignment typically involves the transfer of rights or interests in a property, rather than ownership itself. B. Equitable title refers to the right to obtain full ownership in the future, not the transfer of ownership without compensation. C. A gift involves the transfer of ownership without financial compensation but is a distinct term from the specific legal concept of a grant in property law.