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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

1. 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 can be used for newly planned subdivisions.
C) The developer cannot find a building lot to build a detached home.
D) They are a good size for modern 18-hole golf courses.

2. A salesperson is representing a seller of a pet food store and is preparing the marketing materials. Which of the following is a document the salesperson is required to provide to prospective buyersof the business?

A) A statement of the expenses for the business for the past year or since the business was acquired.
B) An income statement for the past 12 months or since the business was acquired.
C) A list of equipment, chattels, and fixtures that are included with the business.
D) A list of customers who have purchased products in the last 60 months or since the business was acquired.

3. A salesperson representing a client who is selling an office property has received some documents from the seller and is trying to organize them. Which of the following documents is NOT needed by the salesperson or seller when selling the property?

A) Income verification documents
B) Telephone bills
C) Environmental site assessments
D) Private mortgage form

4. 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.

5. If a retail unit has a usable area of 3,482 sq. ft. with a conversion rate of 1.1235, what would the tenant's rentable area be?

A) The retail tenant's rentable area would be 3,482 sq. ft.
B) The retail tenant's rentable area would be 3,912 sq.ft.
C) The retail tenant's rentable area would be 3,073 sq.ft.
D) The retail tenant's rentable area would be 3,605 sq. ft.

Solutions: