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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

1. Which of the following is NOT determined by zoning bylaws?

A) The types of buildings that are permitted in a location, their height, and how they may be used
B) Lot dimensions and parking requirements
C) Where buildings and other structures may be located
D) The amount of rent a building may generate

2. When discussing the sale of a business and establishing the asking price, there are questions a salesperson must ask the owner. Which of the following is one of them?

A) Is inventory included in the sale of this business?
B) Is the ownership of the building a corporation or a partnership?
C) What is the construction cost of the building?
D) Is there any easement on the property?

3. A salesperson should know how to gather key information about a new commercial condominium, including the size of a unit. Which of the following sources of information should a salesperson rely on?

A) A surveyor's certificate for the unit
B) A sketch of the seller's floor layout
C) An opinion from the seller's lawyer
D) An opinion from the property manager

4. Finish the sentence: The Employment Standards Act:

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

5. 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 number of sprinklers required in every unit
B) The total remuneration payable for a 20-year lease
C) The maximum floor load of every unit
D) The total area measurements

Solutions: