HUMBER REAL ESTATE FINAL EXAM 2026/2027
QUESTIONS AND SOLUTIONS RATED A+
✔✔example of mixed use building - ✔✔where i see my therapist
✔✔what are air rights - ✔✔the rights to the physical space above a property
✔✔what are surface rights - ✔✔the rights to any property above ground
✔✔what are riparian rights - ✔✔refers to a waterfront property and their rights/access
regarding usage of the water
✔✔what are mineral rights - ✔✔the rights to mine or not to mine on a property
✔✔what is concurrent ownership - ✔✔when two or more people own a property
together
✔✔what does joint tenancy mean? - ✔✔in concurrent ownership, if one of the owners
dies, their rights are automatically transferred to the living owner(s)
✔✔what does "tenants in common" mean - ✔✔in concurrent ownership, if one of the
owners dies, there are no rights of survivorship
✔✔What four unities are required for joint tenancy? - ✔✔time, title, possession and
interest
✔✔what is the difference between a fee simple estate and a leasehold estate? - ✔✔one
person owns a fee simple estate and more than one person owns a leasehold estate
✔✔what are fee ownership and "right-to-use" interests? - ✔✔when you have the rights
to a property only during a certain set time of year
✔✔what is an easement - ✔✔A right enjoyed by one landowner over the land of another
✔✔what is an encroachment - ✔✔an incident where a property owner violates the
property rights of their neighbour
✔✔what is a land survey - ✔✔a land surveyors determination of the boundaries of a
piece of land
✔✔what does polaris stand for - ✔✔province of ontario land registration and information
system
QUESTIONS AND SOLUTIONS RATED A+
✔✔example of mixed use building - ✔✔where i see my therapist
✔✔what are air rights - ✔✔the rights to the physical space above a property
✔✔what are surface rights - ✔✔the rights to any property above ground
✔✔what are riparian rights - ✔✔refers to a waterfront property and their rights/access
regarding usage of the water
✔✔what are mineral rights - ✔✔the rights to mine or not to mine on a property
✔✔what is concurrent ownership - ✔✔when two or more people own a property
together
✔✔what does joint tenancy mean? - ✔✔in concurrent ownership, if one of the owners
dies, their rights are automatically transferred to the living owner(s)
✔✔what does "tenants in common" mean - ✔✔in concurrent ownership, if one of the
owners dies, there are no rights of survivorship
✔✔What four unities are required for joint tenancy? - ✔✔time, title, possession and
interest
✔✔what is the difference between a fee simple estate and a leasehold estate? - ✔✔one
person owns a fee simple estate and more than one person owns a leasehold estate
✔✔what are fee ownership and "right-to-use" interests? - ✔✔when you have the rights
to a property only during a certain set time of year
✔✔what is an easement - ✔✔A right enjoyed by one landowner over the land of another
✔✔what is an encroachment - ✔✔an incident where a property owner violates the
property rights of their neighbour
✔✔what is a land survey - ✔✔a land surveyors determination of the boundaries of a
piece of land
✔✔what does polaris stand for - ✔✔province of ontario land registration and information
system
