Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam with our comprehensive quiz that covers essential concepts and topics. Enhance your understanding with multiple choice questions designed to test your knowledge and boost your confidence before the exam.

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In Ontario, what is required to finalize the sale of a subdivided land parcel?

Approval from the municipal engineering department.
A finalized subdivision agreement.
A consent from the land registry office.
Registration of the subdivided parcels at the local land title office.

The correct answer is: Registration of the subdivided parcels at the local land title office.

To finalize the sale of a subdivided land parcel in Ontario, registration of the subdivided parcels at the local land title office is required. This process legally transfers ownership of the subdivided parcels to the new owners. The registration at the land title office ensures that the new owners are officially recognized as the legal owners of the individual parcels within the subdivision. This step is crucial for completing the sale transaction and allows for the accurate recording of ownership information in public records.