Humber/Ontario Real Estate Course 1 Exam Practice

Which of the following best describes the functionality of the Teraview software by Teranet?

1. Is strictly used by lawyers.

2. Provides property information that is limited to address, owner name(s) and legal description.

3. Allows the user to access specific properties by entering the unique 5-digit PIN.

4. Allows the user to access condominiums using the condominium plan number.

5. Operates only during business hours.

6. Requires an annual subscription fee for access.

The correct answer is: Allows the user to access condominiums using the condominium plan number.

Teraview software by Teranet is a widely used platform in Ontario for accessing land registration information. The correct answer, option D, explains that the software allows users to access condominiums using the condominium plan number. This is a key feature of Teraview, as it provides easy access to specific condominium properties by entering their unique plan number. In contrast, the other options are not accurate descriptions of Teraview's functionality. Option A is incorrect as Teraview is not strictly used by lawyers; it is utilized by a variety of professionals in the real estate industry. Option B is misleading as Teraview provides more comprehensive property information beyond just the address, owner name(s), and legal description. Option C is not a defining feature of Teraview as users typically search for properties using different criteria. Option E is incorrect as Teraview operates beyond typical business hours to accommodate users. Option F is inaccurate as Teraview users are required to pay for each individual search rather than a flat annual subscription fee.