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Quiz 2025 The Best Humber College PREX-1060A: Valid Exam 4: Invigilated Theory Exam Exam Materials

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Posted on: 06/14/25

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q98-Q103):

NEW QUESTION # 98
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 total area measurements
  • C. The number of sprinklers required in every unit
  • D. The maximum floor load of every unit

Answer: A


NEW QUESTION # 99
Which of the following practices maintains the stability and durability of a commercial property?

  • A. Delaying improvements to the property to save costs
  • B. Keeping good tenants
  • C. Increasing the base rent and additional rent in a slow economy
  • D. Replacing old tenants with new tenants that pay much higher rent

Answer: B


NEW QUESTION # 100
A landlord and a tenant have signed an agreement to lease an office space. Prior to the transaction closing, an unforeseeable event occurs that is not the fault of either party. Which statement about the return of the tenant's deposit is NOT correct?

  • A. The tenant can have the deposit back without signing a mutual release as it is not their fault.
  • B. The parties may need to obtain a court order that clarifies how the deposit will be returned and distributed.
  • C. The landlord and tenant may agree to split the deposit.
  • D. The agreement may contain a clause forfeiting all of the deposit if the landlord has started work on the premises.

Answer: A


NEW QUESTION # 101
A buyer wants to purchase an industrial property for its international logistics and distribution center.
Currently, the building is used by a local courier company with small delivery trucks and vans. When drafting an offer to purchase this property, which of the following should be added regarding this change of use?

  • A. A clause to check the condition of the trucks and vans
  • B. A clause to ensure the truck parking spaces and turning radius are sufficient
  • C. A clause to obtain the necessary mortgage amount
  • D. A clause to test the quality of the underground water source

Answer: B


NEW QUESTION # 102
A salesperson is discussing the advantages and disadvantages of owning commercial real estatewith their investor buyer client. Which of the following is NOT an advantage of owning commercial real estate?

  • A. Potential for tax sheltering possibilities for the investor is an advantage of owning commercial real estate.
  • B. Potential to recover capital through refinancing is an advantage of owning commercial real estate.
  • C. Limited equity investment while gaining leverage through financing is an advantage of owning commercial real estate.
  • D. Quick turnaround time to free up capital when needed is an advantage of owning commercial real estate.

Answer: D


NEW QUESTION # 103
......

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