Humber College PREX-1060A : Exam 4: Invigilated Theory Exam

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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

Question 1

Many industrial users install one or more cranes on their properties to move heavy items. Which type of industrial crane has an arm attached at an angle to a rotating mast that permits 360-degree swiveling around that mast?

A. Gantry crane
B. Overhead crane
C. Bridge crane
D. Jib crane

Question 2

Which of the following statements regarding heavy industrial use and light industrial use is correct?

A. Clay production is an example of light industrial use.
B. Light industrial use usually results in more noise and heavier traffic.
C. Heavy industrial use usually results in less traffic in and out of the heavy industrial zone.
D. Heavy industrial use can produce more pollution than other commercial activities.

Question 3

A salesperson must ensure that a buyer client is aware of all revenue sources and expenses related to the property they are interested in purchasing. Which of the following is an accurate statement regarding potential revenue sources for a commercial property?

A. Shopping centres with more than 150 stores typically have only two types of rental revenues to cover all the operating expenses of the property: base rent and additional rent.
B. Every commercial property, whether an office building, an industrial property, a retail property, or land, has a single source of revenue, which is the base rent.
C. Retail commercial property owners have three types of potential rental income: base rent, additional rent, and percentage rent.
D. Commercial office owners have only one type of potential rental income, which is percentage rent, as the owner themselves pay for the operating expenses of the property.

Question 4

A salesperson is negotiating a lease for a new retail tenant and reviewing the requirements and restrictions regarding the delivery of stock items. Which of the following is NOT a correct statement regarding stock delivery requirements and restrictions in a commercial lease?

A. The salesperson is responsible for negotiating the tenant's stock delivery window.
B. Should a delivery truck arrive during an emergency, the property manager must be available.
C. Stock delivery cannot be restricted in a commercial agreement to lease.
D. The salesperson is responsible for addressing site access and exit in the tenant's agreement to lease.

Question 5

A salesperson is drafting an offer for a vacant industrial site prime for development on behalf of their buyer client. The salesperson has included all proper conditions to protect the buyer, along with sufficient time periods to undertake the due diligence. Which of the following would be an appropriate conditional time period based on the corresponding condition?

A. A conditional time period for verifying the existence of services such as sewage, water, and electricity that is 30 days in length.
B. A conditional time period for verifying the soil condition or type that is five days in length.
C. A conditional time period for a property inspection that is 30 business days in length.
D. A conditional time period for obtaining an approval for a zoning change that is seven business days in length.

Solutions: