Land Title and Registration in BC Flashcards
7 cards from real BC Real Estate Trading Services Course practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Land Title and Registration in BC flashcards as text
Under BC's Torrens system, what does 'indefeasibility of title' mean for a registered owner?
Answer: The registered owner's title cannot be defeated by interests not shown on the register
Indefeasibility means the registered owner holds title free from any interest not shown on the register, providing certainty of ownership.
Which organization is responsible for administering land title registration in British Columbia?
Answer: Land Title and Survey Authority (LTSA)
The LTSA is the statutory authority responsible for operating land title registration and survey systems throughout BC.
How is a mortgage typically registered against a property in BC under the Land Title Act?
Answer: As a mortgage charge registered against the property's title
In BC, a mortgage is registered as a charge against the property's title rather than as a transfer of ownership to the lender.
What is a 'Form A Transfer' in a BC real estate transaction?
Answer: The prescribed form used to transfer freehold ownership of land from seller to buyer
Form A is the standard LTSA-prescribed form used in BC to transfer freehold (fee simple) ownership of property from one party to another.
The 'mirror principle' of the Torrens system in BC means that:
Answer: The land register accurately reflects the true state of title, allowing buyers to rely on it
The mirror principle means the register is a complete and accurate reflection of the state of title, so a buyer can rely on what is shown.
What is a restrictive covenant as it appears on a BC land title?
Answer: A registered agreement that limits how a property owner can use or develop their land
A restrictive covenant is a registered encumbrance that restricts the use or development of the land and binds all subsequent owners.
What is the effect of registering a Certificate of Pending Litigation (CPL) against a BC property?
Answer: It alerts potential buyers that a court action affecting the property is currently before the courts
A CPL (formerly lis pendens) notifies the public that litigation affecting the property is pending, warning prospective purchasers of the legal dispute.