BC Real Estate Trading Services Course Land Title and Registration in BC

Question 1

Under BC's Torrens system, what does 'indefeasibility of title' mean for a registered owner?

Accepted Answer

The registered owner's title cannot be defeated by interests not shown on the register

Answer

Title must be re-registered every 10 years to remain valid

Answer

Title can be challenged by adverse possession after 20 years of occupation

Answer

The registered owner must carry title insurance to maintain valid title

Question 2

Which organization is responsible for administering land title registration in British Columbia?

Accepted Answer

Land Title and Survey Authority (LTSA)

Answer

BC Assessment Authority

Answer

Real Estate Council of British Columbia (RECBC)

Answer

BC Registry Services under the Ministry of Finance

Question 3

How is a mortgage typically registered against a property in BC under the Land Title Act?

Accepted Answer

As a mortgage charge registered against the property's title

Answer

As a caveat that alerts buyers to the lender's interest

Answer

As a transfer of legal title to the lender until the loan is repaid

Answer

As a certificate of pending litigation filed with the courts

Question 4

What is a 'Form A Transfer' in a BC real estate transaction?

Accepted Answer

The prescribed form used to transfer freehold ownership of land from seller to buyer

Answer

The standard form used to register a new mortgage charge against a property

Answer

A form used to register a lease agreement on title

Answer

A form filed with the LTSA to discharge an existing encumbrance

Question 5

The 'mirror principle' of the Torrens system in BC means that:

Accepted Answer

The land register accurately reflects the true state of title, allowing buyers to rely on it

Answer

Each registered property must have an identical neighbouring lot for comparison

Answer

All title documents must be mirrored in both paper and electronic form

Answer

Title transfers are only valid if witnessed by two parties simultaneously

Question 6

What is a restrictive covenant as it appears on a BC land title?

Accepted Answer

A registered agreement that limits how a property owner can use or develop their land

Answer

A restriction imposed by the municipality limiting density under zoning bylaws

Answer

A financial charge registered by a creditor against the property

Answer

A right granted to a neighbour to cross the property for access purposes

Question 7

What is the effect of registering a Certificate of Pending Litigation (CPL) against a BC property?

Accepted Answer

It alerts potential buyers that a court action affecting the property is currently before the courts

Answer

It immediately transfers ownership of the property to the litigant

Answer

It cancels any existing mortgage charges on the title

Answer

It prevents the registered owner from residing in or using the property