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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q103-Q108):

NEW QUESTION # 103
A salesperson and their commercial seller client are discussing and preparing to list the seller's office building. The topic of defects comes up and the seller wants to know what the salesperson will have to disclose. Which of the following is an accurate statement regarding the disclosure of defects?

A. The salesperson should discuss patent defects known to the seller of the office building with the seller and disclose them to a buyer.
B. The salesperson should not disclose latent defects that are known to the seller as they could affect the seller's ability to obtain a high price for the property.
C. The salesperson should discuss latent defects known to the seller of the office building with the seller and disclose them to a buyer.
D. The salesperson should not disclose material latent defects that are known to the seller that could reduce the price or the marketability of the property.

Answer: C

NEW QUESTION # 104
Finish the sentence: The Employment Standards Act:

A. Protects the rights of workers of a business that is being sold.
B. Regulates matters involving ownership of a business.
C. Specifies the terms of a business partnership agreement.
D. Regulates trade names.

Answer: A

NEW QUESTION # 105
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. Retail commercial property owners have three types of potential rental income: base rent, additional rent, and percentage 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. 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.
D. 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.

Answer: A

NEW QUESTION # 106
Examples of properties which would warrant a Phase 2 environmental assessment may include heavy industrial sites. Which of the following is NOT an example of a heavy industrial use?

A. Petroleum storage and distribution sites
B. Power stations
C. Computer training institute
D. Chemical manufacturers

Answer: C

NEW QUESTION # 107
A salesperson is assisting the buyer of a retail condominium with the due diligence process. What is a leading practice they should recommend to the buyer?

A. Ensure there is parking and repair space available for commercial trucks.
B. Obtain the existing status certificate from the brokerage to verify all restrictions, including shared premises with other businesses in the commercial condominium.
C. Verify if there are any non-competition provisions that need to be satisfied as set out in thecondominium rules or bylaws.
D. Confirm that the contract of the condominium property management company has been renewed for at least 10 years.

Answer: C

NEW QUESTION # 108
......

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High Hit Rate PREX-1060A Reliable Test Simulator - 100% Pass PREX-1060A Exam

PREX-1060A Exam Dumps Demo & PREX-1060A Upgrade Dumps

Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q103-Q108):

PREX-1060A Reliable Test Simulator - Quiz Humber College First-grade PREX-1060A Exam Dumps Demo

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