ON Solicitor Exam Practice Questions - Ontario Solicitor Licensing Examination Exam

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In Ontario, most land has been converted to the electronic Land Titles system administered through Teraview. What is the principal legal advantage of the Land Titles system over the older Registry system for a purchaser's solicitor?

Title is guaranteed by the state, so a 40-year historical title search is generally unnecessary It eliminates the need to obtain title insurance on any transaction It allows the purchaser to take title free of all municipal property taxes It removes the requirement to register a transfer to perfect the buyer's interest

Correct Answer:

Title is guaranteed by the state, so a 40-year historical title search is generally unnecessary

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