Humber/Ontario Real Estate Course 1 Exam Practice

What does the term "profit à prendre" signify in real estate?

1. An interest in agricultural land dictating crop types.

2. Applying to crops, excluding timber and minerals.

3. A tenancy agreement for boarding houses.

4. A right to enter land and take something from it.

5. An easement for utility access.

6. An encroachment on neighboring property.

The correct answer is: A right to enter land and take something from it.

The term "profit à prendre" in real estate signifies a right to enter land and take something from it. This can include the right to extract resources such as minerals, timber, or agricultural produce from someone else's land. It is essentially a form of property right that allows the holder to benefit from the land in a specific way. This is different from the other options provided: A. An interest in agricultural land dictating crop types - This does not relate to the concept of "profit à prendre" which is about the right to take something from the land. B. Applying to crops, excluding timber and minerals - This is not a definition of "profit à prendre" which includes the right to take various resources from the land. C. A tenancy agreement for boarding houses - This is unrelated to the concept of "profit à prendre" which is about property rights regarding resource extraction. E. An easement for utility access - This is not the definition of "profit à prendre." F. An encroachment on neighboring property - This is not the correct interpretation of "profit à prendre."