100% PASS 2025 PERFECT HUMBER COLLEGE PREX-1060A: EXAM 4: INVIGILATED THEORY EXAM VALID BRAINDUMPS QUESTIONS

100% Pass 2025 Perfect Humber College PREX-1060A: Exam 4: Invigilated Theory Exam Valid Braindumps Questions

100% Pass 2025 Perfect Humber College PREX-1060A: Exam 4: Invigilated Theory Exam Valid Braindumps Questions

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q86-Q91):

NEW QUESTION # 86
A brokerage negotiates the sale of a business on behalf of a seller. Which of the following documents must the brokerage provide to the buyer?

  • A. A profit and loss statement for the real estate brokerage for the preceding 12 months
  • B. A list of fixtures included in the sale
  • C. A list of chattels excluded in the sale
  • D. A statement of the assets and liabilities of the brokerage

Answer: B


NEW QUESTION # 87
A salesperson is representing a tenant client who is opening a new pet food store in a local strip plaza. The salesperson meets with their tenant to discuss display signage and review the guidelines in their commercial lease agreement. Which statement is NOT accurate regarding the commercial lease agreement's signage clause?

  • A. The tenant's signage shall be immediately removed at the end of their lease term(s) at the tenant's expense.
  • B. The tenant's signage is considered a trade fixture and shall remain the tenant's property.
  • C. The tenant's signage must be approved by the municipality and the landlord, and all associated costs shall be paid by the landlord.
  • D. The tenant's signage, from approvals to installation and ongoing maintenance, shall be at thetenant's own expense.

Answer: C


NEW QUESTION # 88
Issues that occurred prior to the closing of a transaction may be uncovered by title and non-title searches during due diligence. Which of the following is a non-title search concern?

  • A. The seller is not entitled to transfer title to the property for some reason
  • B. The property's use doesn't comply with municipal zoning bylaws
  • C. Liens and encumbrances that are registered against the property
  • D. A registered right of way that blocks the buyer's intended use of the property

Answer: B


NEW QUESTION # 89
Which of the following statements regarding heavy industrial use and light industrial use is correct?

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

Answer: C


NEW QUESTION # 90
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. Retail commercial property owners have three types of potential rental income: base rent, additional rent, and percentage rent.
  • C. 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.
  • 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.

Answer: B


NEW QUESTION # 91
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