Which statement is true about the Torrens System?

Study for the Manitoba Real Estate Exam Module 1. Prepare with comprehensive multiple choice questions and detailed explanations. Ace your exam and start your real estate career!

Multiple Choice

Which statement is true about the Torrens System?

Explanation:
The Torrens System is a land-title registration system. It guarantees that the person recorded on the title has indefeasible ownership, and transfers are completed by registering a new title in a government land registry, often with a certificate of title as the definitive record. It is named after Sir Robert Torrens, the 19th‑century Australian politician who developed and promoted the idea, which is why the name is attached to the system. This concept is unrelated to mortgage valuation, building codes, or property tax collection, which is why those options don’t fit.

The Torrens System is a land-title registration system. It guarantees that the person recorded on the title has indefeasible ownership, and transfers are completed by registering a new title in a government land registry, often with a certificate of title as the definitive record. It is named after Sir Robert Torrens, the 19th‑century Australian politician who developed and promoted the idea, which is why the name is attached to the system. This concept is unrelated to mortgage valuation, building codes, or property tax collection, which is why those options don’t fit.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy