Humber/Ontario Real Estate Course 1 Exam Practice

Per the Land Registration Reform Act, which standard form is accurate?

1. The Transfer/Deed of Land and Discharge of Easement/Right of Way

2. The Discharge of Charge/Mortgage but not the Document General

3. The Schedule is used for additional details and/or attachments to Forms 1 through 4

4. Form 3 is the Charge/Mortgage of Land

5. Form 2 is applied for mortgage renewals

6. All forms are customizable according to property type

The correct answer is: The Schedule is used for additional details and/or attachments to Forms 1 through 4

In accordance with the Land Registration Reform Act, the standard form that is accurate is the one where the Schedule is used for additional details and/or attachments to Forms 1 through 4. The Schedule is utilized to provide any necessary extra information or attachments related to the specific details outlined in Forms 1 through 4. This form structure ensures that all relevant information and additions are properly documented and can be easily referenced when dealing with property transactions.