Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam. Utilize flashcards and multiple choice questions with hints and explanations. Get exam-ready!

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Which term refers to the transfer of property ownership without financial compensation?

  1. Assignment

  2. Equitable title

  3. Gift

  4. Grant

The correct answer is: Grant

Grant refers to the transfer of property ownership without financial compensation, making it the correct term in this scenario. A. Assignment typically involves the transfer of rights or interests in a property, rather than ownership itself. B. Equitable title refers to the right to obtain full ownership in the future, not the transfer of ownership without compensation. C. A gift involves the transfer of ownership without financial compensation but is a distinct term from the specific legal concept of a grant in property law.

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