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Free PDF Quiz Humber College - PREX-1060A - Exam 4: Invigilated Theory Exam–High Pass-Rate Exam Objectives

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q16-Q21):

NEW QUESTION # 16
When calculating the total purchase price of farmland with improvements on it, which of the following items is NOT included?

A. Fixed equipment
B. Goodwill
C. Barns and sheds
D. Residence

Answer: B

NEW QUESTION # 17
A seller client wants to know the actual size of their unit to avoid any discrepancies. How should the salesperson assist the client?

A. Use a laser measuring device to take the measurements.
B. Add a disclaimer to protect the seller from any discrepancy.
C. Tell the seller the usable size is 80 percent of the rentable size.
D. Recommend the services of third-party professionals to measure it.

Answer: D

NEW QUESTION # 18
A salesperson is representing a commercial tenant client who is interested in leasing a property for their business. The salesperson and their client are inspecting a property that includes a few accessory buildings.
This is ideal for the tenant, as the accessory buildings can serve as storage for their business. The tenant asks their salesperson to find out the measurements of the accessory buildings. Why is it important for the tenant to know the total area of the accessory buildings included on the property?

A. It is important for the tenant to know the total area of the accessory buildings as it will be deducted from their rentable area.
B. It is important for the tenant to know the total area of the accessory buildings as it will be considered within the tenant's usable area.
C. It is important for the tenant to know the total area of the accessory buildings as it will contribute to their rentable area.
D. It is important for the tenant to know the total area of the accessory buildings as they will have to share the use of them with other tenants.

Answer: C

NEW QUESTION # 19
There are three primary items that require attention when countering an offer from a seller. Which of the following items does NOT need to be checked?

A. The irrevocability clause
B. The purchase price
C. The balance due clause
D. The date of the agreement of purchase and sale

Answer: D

NEW QUESTION # 20
While preparing to list a vacant retail site that allows new auto sales, the salesperson sees that there is an auto repair garage business next door with old and rusting metal storage tanks at the side of their building. Which of the following is the correct action for the salesperson to take?

A. The salesperson should attempt to identify signs of contamination on the property and recommend an appropriate third-party expert to the seller client.
B. The salesperson should include the information in the marketing material as it would be beneficial for an auto sales business to have a garage located nearby.
C. The salesperson should ask the owner of the garage whether they have thought about selling their property at this time.
D. The salesperson should ask the owner of the garage for more information and what course of action they recommend to assist a future purchaser of the site.

Answer: A

NEW QUESTION # 21
......

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