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PREX-1060A Reliable Exam Simulator | PREX-1060A Real Exam Answers

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q32-Q37):

NEW QUESTION # 32
A salesperson is representing a commercial tenant client who is interested in leasing a property for their business. The salesperson and their client are inspecting a property that includes a few accessory buildings.
This is ideal for the tenant, as the accessory buildings can serve as storage for their business. The tenant asks their salesperson to find out the measurements of the accessory buildings. Why is it important for the tenant to know the total area of the accessory buildings included on the property?

A. It is important for the tenant to know the total area of the accessory buildings as it will be considered within the tenant's usable area.
B. It is important for the tenant to know the total area of the accessory buildings as they will have to share the use of them with other tenants.
C. It is important for the tenant to know the total area of the accessory buildings as it will be deducted from their rentable area.
D. It is important for the tenant to know the total area of the accessory buildings as it will contribute to their rentable area.

Answer: D

NEW QUESTION # 33
A buyer should consider the record of site condition (RSC) document when purchasing a commercial property. Which of the following statements regarding an RSC is correct?

A. With other documents, it will inform the buyer of any legal issues attached to the title.
B. It contains records pertaining to a property's financial condition.
C. It is not a material fact; thus, it is a formality for the buyer to get it.
D. Requesting an RSC is mandatory in all real estate transactions.

Answer: A

NEW QUESTION # 34
A salesperson is helping a buyer client to purchase a piece of vacant land to develop in the future. The salesperson recommends that the buyer consult with a third-party professional because the salesperson cannot provide the service with reasonable knowledge, skill, judgment, and competence. Which of the following is NOT a professional the salesperson would likely recommend to the buyer?

A. An appraiser with Accredited Appraiser Canadian Institute (AACI) designation
B. A zoning specialist in the city's planning department
C. A legal consultant who specializes in evicting residential tenants
D. A consultant in a financial institution

Answer: C

NEW QUESTION # 35
Salespersons are required to verify, wherever they can, information provided by landlords, such as zoning details and permitted uses. A salesperson is helping a major landlord to lease out a big retail mall that involves complex matters. Which of the following does NOT need third-party professional advice?

A. The total remuneration payable for a 20-year lease
B. The maximum floor load of every unit
C. The total area measurements
D. The number of sprinklers required in every unit

Answer: A

NEW QUESTION # 36
In regard to Environmental Site Assessments (ESAs), which of the following is NOT accurate?

A. Every new commercial property must undergo an ESA prior to construction.
B. An ESA is intended to determine if a property has been contaminated or is facing any environmental threats.
C. ESAs are regulated under the Canadian Environmental Protection Act.
D. Local building departments use ESAs as the basis for changes to municipal zoning bylaws.

Answer: A

NEW QUESTION # 37
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