Under the BC Land Title Act, what is the primary advantage of the Torrens title system over the Registry system?
Correct Answer
C) The government guarantees title and compensates losses from registration errors
The Torrens system provides government guarantee of title through the Assurance Fund, which compensates registered owners for losses due to registration errors or fraud. This creates greater certainty and security for property owners compared to the Registry system.
Why This Is the Correct Answer
Option C correctly identifies the core advantage of the Torrens system under the BC Land Title Act. The government guarantee through the Assurance Fund is the defining feature that sets it apart from the Registry system. When someone suffers a loss due to registration errors, fraud, or administrative mistakes, the Assurance Fund provides compensation. This creates an indefeasible title that cannot be challenged except in very limited circumstances, giving property owners absolute security in their ownership rights.
Why the Other Options Are Wrong
Deep Analysis of This Real Property Law Question
Background Knowledge for Real Property Law
Memory Technique
Exam Tip for Real Property Law
Real World Application in Real Property Law
Common Mistakes to Avoid on Real Property Law Questions
Key Terms
More Real Property Law Questions
In Alberta's land titles system, a caveat claiming an unregistered interest is registered against a property. The registered owner wishes to sell, but the caveator refuses to withdraw the caveat. Which remedy is available to the owner?
A property owner grants a life estate to their spouse with remainder to their children. What happens if one of the children dies before the life tenant?
A developer is creating an Ontario condominium with both residential and commercial units and wants the commercial units to pay a larger share of the common expenses and to carry more votes. Under the Condominium Act, 1998, which part of this plan is permitted?
A property is registered under British Columbia's Land Title Act with a restrictive covenant limiting use to residential purposes only. A subsequent owner wants to operate a home business. What is the legal effect of this covenant?
In a condominium ownership structure, what does a unit owner actually own?
- → An Ontario condominium declaration allocates Unit 15A a 1.2% share of the common expenses. The corporation's annual budgeted common expenses are $600,000. What does Unit 15A contribute each year, and how many votes does the unit carry at owners' meetings?
- → A Toronto condominium owner tells the board she will stop paying her common expenses because she never uses the gym and has a water-damage claim against the corporation. Under the Condominium Act, 1998, what is her position?
- → A property is held by three individuals as joint tenants. One joint tenant secretly sells their interest to an outside party without informing the other joint tenants. What is the legal result of this transaction?
- → What is the primary difference between the Torrens system and the Registry system of land registration?
- → Sarah owns a life estate in a property with her son John as the remainderman. Sarah wants to sell the property to pay for medical expenses. What are her rights?
- → In Ontario's condominium system, what happens if a unit owner fails to pay monthly common expenses for an extended period?
- → What type of estate gives the holder the greatest bundle of rights in real property?
- → A buyer asks her salesperson what kind of corporation governs the vacant land condominium development she is considering. Under the Condominium Act, 1998, how is a vacant land condominium corporation classified?
- → In British Columbia's Land Title system, what is the effect of registering a mortgage against a property?
- → In a jurisdiction using the Torrens system, a property is sold to a bona fide purchaser for value, but it is later discovered that the vendor's title was obtained through forgery. What is the purchaser's position?
People Also Study
Contracts & Agreements
60 questions
Agency & Professional Ethics
60 questions
Mortgage & Real Estate Finance
60 questions
Land Use & Planning
50 questions
Related Study Resources
Helpful Resources
Previous Question
Under s. 119(1) of the Condominium Act, 1998, which persons are required to comply with a condominium corporation's declaration, by-laws and rules?
Next Question
Under the BC Strata Property Act, what vote is required at a general meeting to amend the bylaws of a strata corporation made up entirely of residential strata lots?