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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

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

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

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

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

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

4. Which of the following is NOT determined by zoning bylaws?

A) The amount of rent a building may generate
B) The types of buildings that are permitted in a location, their height, and how they may be used
C) Lot dimensions and parking requirements
D) Where buildings and other structures may be located

5. A tenant is interested in leasing a property; however, the tenant would like to make improvements to the property. Which of the following statements about tenant improvements is correct?

A) In a lease agreement, the tenant provides a list of improvements to the landlord and the landlord always pays for these improvements.
B) Unless indicated in the lease agreement, improvements attached to the leased building generally become the tenant's property upon vacating the premises.
C) The landlord may offer a "tenant improvement allowance" which provides funds to cover thecosts of tenant improvements.
D) The tenant takes the premises in an "as is" condition and can complete whatever improvements they wish without landlord approval.

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