최신 PREX-1060A 무료덤프 - Humber College Exam 4: Invigilated Theory

문제1

A tenant has an established business with good growth potential for the foreseeable future and wants to rent a retail property for expansion. If the landlord wants to have the opportunity to boost the rent when the tenant's sales are good, which type of lease would you recommend to the landlord?

A. Net lease

B. Percentage lease

C. Triple net lease

D. Gross lease

정답: B

문제2

A new commercial condominium project is completed, and the buyers are given an occupancy date. On the occupancy date, a few of the buyers move into their units and begin setting up their operations. That evening, there is a severe thunderstorm. In the morning, several of the buyers start to notice roof leaks. Some of the buyers call the builder's office while others call their salespersons.Which of the following is an accurate statement regarding the building's warranty coverage?

A. The buyers should draft a list of all their concerns and submit them to the municipality for appropriate coverage.

B. The buyers should submit their concerns to the provincial warranty authority, as they are entitled to one- year warranty coverage from the occupancy date.

C. If the builder does not address this issue, the buyers can file a complaint with the provincial warranty authority for any outstanding work the builder did not complete.

D. There is no provincial warranty coverage for commercial condominiums, but the buyers can inquire with the builder about any warranties that they may offer.

정답: D

문제3

When a farm is sold, there are exemptions to the payment of harmonized sales tax (HST). In which of the following circumstances is a farmer responsible to pay HST to the Canada Revenue Agency (CRA)?

A. The farmer sells the farm to a relative.

B. The farmer uses a smaller portion of the farm for a residence.

C. The farm has been used for personal use.

D. The farm is sold to a corporation and the HST is included in the selling price.

정답: C

문제4

Location preferences and accessibility are important when matching a potential buyer client with an appropriate commercial property. Which of the following is NOT a location preference consideration?

A. Surrounding uses

B. Demographics

C. Traffic counts

D. Financial health of the company

정답: D

문제5

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. Telephone bills

B. Income verification documents

C. Environmental site assessments

D. Private mortgage form

정답: A

문제6

A lender completes a financial statement analysis and calculation on various ratios that would indicate the financial performance of the commercial building. Which of the following is NOT correct?

A. Lenders will apply various financial ratios to get a solid understanding of the business's performance and the ability of the borrower to service debt.

B. The success of ventures often rests in the availability and suitability of financing.

C. The investor is afforded the opportunity to enhance yield.

D. It does not matter; mortgaging does not affect cash flow and yields.

정답: D

문제7

In regard to equipment at an industrial property that is being shown for sale, a salesperson representing a buyer should do all of the following, EXCEPT:

A. Contact the seller's representative prior to the showing to gain awareness of safety and compliance requirements.

B. Ensure they are informed as to whether the equipment shown will be relevant for the buyer's intended use.

C. Ensure chattels or fixtures are not included in the sale or negotiated for in the agreement.

D. Obtain clarification as to which equipment seen during the showing will be included in the purchase price of the property.

정답: C

문제8

Asset sale and share sale are two different ways to sell a business. Which statement describes an asset sale?

A. The buyer is eligible for tax deductions and benefits by claiming capital cost allowance on depreciable property.

B. The seller benefits from a tax standpoint since any gain to the seller on the sale will be considered under the capital gains tax exemption.

C. The buyer assumes all assets and accepts all liabilities of the business.

D. The buyer replaces the seller as the owner of the corporation.

정답: A

문제9

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. A registered right of way that blocks the buyer's intended use of the property

B. The property's use doesn't comply with municipal zoning bylaws

C. Liens and encumbrances that are registered against the property

D. The seller is not entitled to transfer title to the property for some reason

정답: B

문제10

A salesperson and their commercial seller client are discussing and preparing to list the seller's office building. The topic of defects comes up and the seller wants to know what the salesperson will have to disclose. Which of the following is an accurate statement regarding the disclosure of defects?

A. The salesperson should not disclose latent defects that are known to the seller as they could affect the seller's ability to obtain a high price for the property.

B. The salesperson should discuss patent defects known to the seller of the office building with the seller and disclose them to a buyer.

C. The salesperson should not disclose material latent defects that are known to the seller that could reduce the price or the marketability of the property.

D. The salesperson should discuss latent defects known to the seller of the office building with the seller and disclose them to a buyer.

정답: D

최신 PREX-1060A 무료덤프 - Humber College Exam 4: Invigilated Theory

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