BC Real Estate Trading Services Course Land Title and Registration in BC 1

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

Indefeasibility means the registered owner holds title free from any interest not shown on the register, providing certainty of ownership.

Question 2

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

Accepted Answer

Land Title and Survey Authority (LTSA)

Answer

The LTSA is the statutory authority responsible for operating land title registration and survey systems throughout BC.

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

In BC, a mortgage is registered as a charge against the property's title rather than as a transfer of ownership to the lender.

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

Form A is the standard LTSA-prescribed form used in BC to transfer freehold (fee simple) ownership of property from one party to another.

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

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.

BC Real Estate Practice Test