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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

1. 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) Ensure they are informed as to whether the equipment shown will be relevant for the buyer's intended use.
B) Obtain clarification as to which equipment seen during the showing will be included in the purchase price of the property.
C) Contact the seller's representative prior to the showing to gain awareness of safety and compliance requirements.
D) Ensure chattels or fixtures are not included in the sale or negotiated for in the agreement.

2. Which of the following statements regarding Building Owners and Managers Association (BOMA) standards is correct?

A) The BOMA standards are complex.
B) The BOMA standards provide methods of measuring office buildings only.
C) The BOMA standards provide procedures to measure rentable areas only.
D) The BOMA standards provide methods of measuring industrial buildings only.

3. What should a salesperson do if they are unable to secure documentation to verify the usable and rentable areas of a property?

A) Recommend that the landlord obtain the professional services of a measuring company to obtain the figures
B) Use the R/U factor to calculate the figures
C) Use a laser measuring tool to take the measurements
D) Use a laser measuring tool to take the measurements and use the R/U factor to calculate the figures

4. Land developers purchase land for commercial, industrial, and residential projects. Tracts of land larger than five acres but smaller than 10 acres may appeal to land developers for various reasons. Which of the following is one of the reasons?

A) They can be used for newly planned subdivisions.
B) They are a good size for modern 18-hole golf courses.
C) They are normally less expensive than pieces of land smaller than two acres in the same neighborhood.
D) The developer cannot find a building lot to build a detached home.

5. Sometimes, transactions do not close. When a transaction won't be completed, what should a salesperson try to do as soon as possible?

A) Conduct an analysis of why the transaction will not be carried out.
B) Terminate the transaction and disengage from it.
C) Pass the transaction to the broker of record so that the broker will take care of it.
D) Obtain the remuneration owed.

Solutions: