Humber College PREX-1060A real exam prep : Exam 4: Invigilated Theory Exam

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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

1. Utility requirements are different for retail, office, and industrial properties, and a salesperson should understand the utility needs of each client. Which of the following items is NOT required bya typical occupant of a retail space?

A) A high voltage and ampere supply
B) A proper ventilation system
C) A stable internet connection
D) Sufficient lighting

2. A buyer client and their salesperson are doing a visual check of the industrial property that the buyer is planning to purchase. When they get to the rear of the property, the salesperson observes a potential source of contamination. Which of the following factors is likely the cause of concern for the salesperson?

A) There is vacant land nearby with a small pond with discolored standing water.
B) There is a residential neighborhood and playground nearby.
C) The neighboring property includes a restaurant, a dental clinic, and a law office.
D) The office building next door has an overflow parking lot.

3. Which of the following is a reason why an owner might consider redeveloping an industrial property?

A) A redevelopment will seriously disrupt the current operation.
B) A similar building can be bought at a low price.
C) The cost of relocating is low.
D) The existing building no longer provides the highest and best use of the site.

4. There are different requirements under REBBA and other legislation that affect the sale of a business. Which of the following is NOT correct?

A) A key consideration a salesperson must keep in mind when handling the sale of a business is operating licenses.
B) Depending on the business location, there are various municipal bylaws, zoning, permits, and other rules and regulations that could impact the sale of a business.
C) There are various municipal bylaws that could impact the sale of a business, depending on the business activity.
D) If a municipal license is associated with the business and it may be transferrable to the buyer, then it is of no concern to the sales representative.

5. If a retail unit has a usable area of 3,482 sq. ft. with a conversion rate of 1.1235, what would the tenant's rentable area be?

A) The retail tenant's rentable area would be 3,605 sq. ft.
B) The retail tenant's rentable area would be 3,482 sq. ft.
C) The retail tenant's rentable area would be 3,912 sq.ft.
D) The retail tenant's rentable area would be 3,073 sq.ft.

Solutions: