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

문제1

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 there any easement on the property?

B. Is the ownership of the building a corporation or a partnership?

C. Is inventory included in the sale of this business?

D. What is the construction cost of the building?

정답: C

문제2

An agreement of purchase and sale for an industrial building is accepted conditional on financing with the expiry date of May 14. On May 11, the bank informs the buyer the mortgage cannot be approved until May
17. The salesperson for the buyer then prepares an amendment to the agreement of purchase and sale for the extension of the condition. Which of the following is NOT correct?

A. To play it safe, the salesperson should amend the condition with May 18 as the expiry date.

B. The buyer can use the same amendment to ask for a change of the closing date.

C. The buyer can still waive the condition before the expiry date if the seller refuses to sign the amendment, provided there is a waiver provision in the condition.

D. The salesperson should prepare the amendment with midnight, May 17 as the irrevocable time.

정답: D

문제3

Both the landlord and the tenant have responsibilities in the management of their relationship as per the commercial lease agreement. Which of the following is NOT an accurate statement regarding the roles and responsibilities of landlords and tenants as per the Commercial Agreement to Lease?

A. All commercial leases require that tenants keep everything in and about the property, including all points of entry and exit, in good repair at all times.

B. Not all commercial leases require the landlord to perform repairs and maintenance.

C. The landlord must address their tenants' issues in a timely manner in general but more so when the issue can result in serious and costly consequences.

D. Tenants are obligated to ensure they have adequate tenant insurance for their property.

정답: A

문제4

A salesperson is drafting an agreement to lease a retail property for a tenant client who is looking to open a women's apparel store. Which of the following would NOT be included in the agreement to lease?

A. The names of all the tenant's suppliers

B. A description of the premises

C. The names of all parties to the lease

D. The commencement date of the lease

정답: A

문제5

A buyer client is discussing zoning bylaws of the municipality in relation to an industrial development site with their salesperson. Which of the following is NOT a correct statement with respect to zoning bylaws?

A. Municipalities have zoning bylaws that divide the city into different land uses or zones.

B. Municipal zoning bylaws overrule all other laws with respect to land uses and issuance ofbuilding permits in Ontario.

C. Zoning bylaws specify the permitted land uses throughout a municipality.

D. New commercial construction and redevelopment must comply with zoning bylaws.

정답: B

문제6

Which of the following statements regarding heavy industrial use and light industrial use is correct?

A. Heavy industrial use can produce more pollution than other commercial activities.

B. Light industrial use usually results in more noise and heavier traffic.

C. Heavy industrial use usually results in less traffic in and out of the heavy industrial zone.

D. Clay production is an example of light industrial use.

정답: A

문제7

A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:

A. Required parking for persons with disabilities is usually fixed as a ratio based on the number of disabled persons in the community.

B. Parking may be impacted by zoning requirements.

C. Parking may be impacted by the municipality's parking bylaw.

D. There may be minimum width and depth requirements for parking spaces.

정답: A

문제8

A salesperson is representing a commercial landlord in a lease negotiation. The landlord wants to sign back the offer with a higher rent. What should the salesperson make the landlord aware of regarding the rent increase?

A. The rent increase can be challenged by the Landlord and Tenant Board.

B. The rent increase cannot be higher than the guideline set by the government.

C. The rent increase cannot be more than the Consumer Price Index (CPI).

D. The rent increase can be any amount.

정답: D

문제9

When a property assessment of a new commercial property has not been completed prior to its resale, what should a salesperson do to protect the buyer?

A. Include the current tax assessment as a schedule of the agreement.

B. Get a letter from the seller to guarantee a maximum amount of realty tax payment in the coming year.

C. Ensure the offer contains a clause allowing for compensation for adjustments to the property taxes.

D. Ensure the offer contains a clause requiring the seller and the buyer to share the property taxes to be assessed for the next three years.

정답: C

문제10

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. Terminate the lease and start looking for a new space.

B. Contact a lawyer and immediately start a legal action for damages.

C. Meet with the property manager, review the lease, and determine a course of action.

D. Repair the damage and deduct the cost from the rent.

정답: C

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

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