Ace the Ontario Mortgage Agent Exam 2025 – Unlock Your Future in Finance!

Question: 1 / 400

What does an encumbrance do to real property ownership?

Facilitates ownership transfer

Restores full ownership rights

Provides tax incentives

Limits the rights of fee simple ownership

An encumbrance places limits on the rights of a fee simple owner, such as restricting their ability to sell or transfer the property. Option A is incorrect because an encumbrance does not facilitate ownership transfer, it actually hinders it. Option B is incorrect because an encumbrance does not restore full ownership rights, it limits them. Option C is incorrect because an encumbrance does not provide tax incentives, it imposes restrictions on the owner.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy