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Humber College PREX-1060A Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Commercial Real Estate Transactions | - Commercial leasing and property analysis
|
Humber College Exam 4: Invigilated Theory Sample Questions:
Land developers purchase land for commercial, industrial, and residential projects. Tracts of land larger than five acres but smaller than 10 acres may appeal to land developers for various reasons. Which of the following is one of the reasons?
- A. They are normally less expensive than pieces of land smaller than two acres in the same neighborhood.
- B. They are a good size for modern 18-hole golf courses.
- C. The developer cannot find a building lot to build a detached home.
- D. They can be used for newly planned subdivisions.
Correct Answer: D 🗳️
Which of the following is a reason why an owner might consider redeveloping an industrial property?
- A. A similar building can be bought at a low price.
- B. The cost of relocating is low.
- C. A redevelopment will seriously disrupt the current operation.
- D. The existing building no longer provides the highest and best use of the site.
Correct Answer: D 🗳️
A buyer client is interested in purchasing an industrial property for their manufacturing business. The buyer's salesperson informs them of the building criteria, along with the minimum requirements for clear height and clear span that would be suitable for the buyer's business. What should the salesperson explain to the buyer regarding clear span?
- A. The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the lowest ceiling or roof component.
- B. The salesperson should explain that clear span refers to the total amount of floor area in the space, including the space that is occupied between columns and walls.
- C. The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the highest point of the ceiling or roof component.
- D. The salesperson should explain that clear span refers to the amount of floor area that is clear of interference from columns and walls.
Correct Answer: D 🗳️
Established under the Farming and Food Production Protection Act, the Normal Farm PracticesBoard is composed of members appointed by the Minister of Agriculture, Food and Rural Affairs. Which statement is NOT accurate with regard to the Normal Farm Practices Board?
- A. The Board can conduct hearings that are heard by a minimum of five board members.
- B. The Board can order farmers to cease practices that cause disturbances if they are not considered to be normal farm practices.
- C. The Board can dismiss complaints if the disturbances are the result of normal farm practices.
- D. The Board can order farmers to modify practices for consistency with normal farm practices.
Correct Answer: A 🗳️
What should a salesperson do if they are unable to secure documentation to verify the usable and rentable areas of a property?
- A. Use the R/U factor to calculate the figures
- B. Use a laser measuring tool to take the measurements and use the R/U factor to calculate the figures
- C. Recommend that the landlord obtain the professional services of a measuring company to obtain the figures
- D. Use a laser measuring tool to take the measurements
Correct Answer: C 🗳️
