Ontario Real Estate Licensing Exam Practice · Question
Which of the following is characteristic of a 'good and marketable title' in Ontario real estate transactions?
A 'good and marketable title' refers to a title that is free from reasonable doubt concerning its validity, and free from undisclosed encumbrances or defects th
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Question: Which of the following is characteristic of a 'good and marketable title' in Ontario real estate transactions?
Answer options:
- A title that has been recently registered under the Registry Act ✅ A title free from undisclosed encumbrances, defects, or claims that would affect its marketability
- A title guaranteed by the provincial government, regardless of registration system
- A title requiring immediate legal action to resolve existing disputes
Correct answer: A title free from undisclosed encumbrances, defects, or claims that would affect its marketability
Explanation: A 'good and marketable title' refers to a title that is free from reasonable doubt concerning its validity, and free from undisclosed encumbrances or defects that would deter a prudent purchaser. It signifies that the property can be readily bought and sold without significant legal issues.
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