100% PASS QUIZ 2025 HUMBER COLLEGE PREX-1060A THE BEST TRUSTED EXAM RESOURCE

100% Pass Quiz 2025 Humber College PREX-1060A The Best Trusted Exam Resource

100% Pass Quiz 2025 Humber College PREX-1060A The Best Trusted Exam Resource

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q107-Q112):

NEW QUESTION # 107
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 they will have to share the use of them with other tenants.
  • B. 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.
  • 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 # 108
A salesperson sells an office building using the Commercial Agreement of Purchase and Sale along with a schedule that lists all the fixtures, chattels, and rental items of the office building. After closing the real estate transaction, a dispute arises between the seller and the buyer about which chattels, fixtures, and rental items of the office building were to be included and which were to be excluded. Which of the following is NOT an accurate statement regarding the salesperson's actions related to negotiating chattels, fixtures, and rental items?

  • A. The salesperson should clearly list all rental items and service contracts, as these will not be included in the purchase price of the real property being purchased.
  • B. The salesperson should specifically exclude all chattels that are not a part of the transaction since chattels are considered a part of the property and are normally included in the purchase price.
  • C. The salesperson should clearly describe and list the fixtures and chattels in the Agreement of Purchase and Sale and mark each item as an exclusion or inclusion.
  • D. The salesperson should specifically exclude all fixtures that are not a part of the transaction since fixtures are considered a part of the property and are normally included in the purchase price.

Answer: B


NEW QUESTION # 109
A salesperson has several obligations to the buyer when assisting them in the purchase of a commercial condominium unit for their own use. Which of the following is one of those obligations?

  • A. Confirm the buyer's intended use adheres to all municipal zoning requirements
  • B. Review all documentation and advise the buyer regarding the financial status of the condominium corporation, including the reserve fund
  • C. Advise the buyer to commission a Phase 3 Environmental Site Assessment in addition to their inspection
  • D. Ensure the buyer had the opportunity to fully inspect the financial statements of both the condominium and the seller's business

Answer: A


NEW QUESTION # 110
A salesperson has a buyer client in the metal fabrication industry, which requires outdoor storage and involves substantial noise and smells. The salesperson sees a listing that says "24,000-square-foot light industrial property, multi-uses permitted." Is this a suitable property for their client? Why or why not?

  • A. No, the property is not suitable, as the client's business type and classification require heavy industrial zoning.
  • B. Yes, the property is suitable, as the listing says the property is light industrial and multi-uses are permitted.
  • C. Yes, the property is suitable since the client is already in the metal fabrication business, and does not need to get any permits from the municipality prior to moving in and using the property.
  • D. Yes, the property will be suitable if the client states they will change the zoning to allow their type and classification of business to operate at this location.

Answer: A


NEW QUESTION # 111
The key mechanical components of commercial buildings include heating, cooling, and electrical systems.
Which of the following tasks is NOT usually completed by the salesperson?

  • A. Learning what types of equipment are in the building and having a general understanding of their age and condition.
  • B. Ensuring inspections are being carried out as required.
  • C. Reviewing whether the technical components have been recently replaced or upgraded.
  • D. Contacting contractors for quotes for repairing or replacing equipment.

Answer: D


NEW QUESTION # 112
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