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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

1. 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 amount of floor area that is clear of interference from columns and walls.
B) 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.
C) 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.
D) 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.

2. A buyer client and their salesperson are doing a visual check of the industrial property that the buyer is planning to purchase. When they get to the rear of the property, the salesperson observes a potential source of contamination. Which of the following factors is likely the cause of concern for the salesperson?

A) There is a residential neighborhood and playground nearby.
B) There is vacant land nearby with a small pond with discolored standing water.
C) The office building next door has an overflow parking lot.
D) The neighboring property includes a restaurant, a dental clinic, and a law office.

3. A tenant receives the keys to their new retail space. When the tenant opens the door, they see evidence of a small fire on the walls near the electrical panel. Which of the following is an appropriate recommendation the salesperson could provide to the new tenant?

A) Repair the damage and deduct the cost from the rent.
B) Terminate the lease and start looking for a new space.
C) Contact a lawyer and immediately start a legal action for damages.
D) Meet with the property manager, review the lease, and determine a course of action.

4. Which of the following is a characteristic of main street retail?

A) Comprises a blend of old and new stores
B) Consists of newer, free-standing buildings only
C) Structure size typically ranges from 100,000 to 130,000 square feet
D) Must be located in a small, older community

5. An office building is being sold. The agreement of purchase and sale includes multiple conditions that protect the buyer. Each condition has a different expiry date, and they will be fulfilled and completed at different times. The conditions do not have waiver provisions. In this situation, all conditions can be removed by:

A) Serving separate notices of fulfillment
B) Serving one notice of fulfillment
C) Serving separate waivers
D) Serving one waiver

Solutions: