Humber College PREX-1060A Questions & Answers - in .pdf
- Total Q&A: 108
- Update: Aug 10, 2026
- Price: $59.99
- Vendor: Humber College
- Exam Code: PREX-1060A
- Exam Name: Exam 4: Invigilated Theory Exam
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Humber College PREX-1060A Exam Syllabus Topics:
| Section | Objectives |
|---|
| Commercial Property Types | - Industrial Properties
- 1. Heavy Industrial Uses
- 2. Industrial Site Evaluation
- 3. Light Industrial Uses
- Retail and Office Properties
- 1. Retail Condominiums
- 2. Office Buildings
- 3. Property Management Considerations
|
| Financial Analysis | - Business Financial Review
- 1. Audited and Unaudited Financial Statements
- 2. Investment Performance Evaluation
- 3. Cash Flow Analysis
- Commercial Financing
- 1. Commercial Mortgages
- 2. Mortgage Terms and Conditions
- 3. Late Payment Provisions
|
| Property Development and Land Use | - Taxation and Regulatory Considerations
- 1. Property Tax Adjustments
- 2. Municipal Compliance
- 3. Assessment Issues
- Development Analysis
- 1. Site Servicing Requirements
- 2. Environmental Due Diligence
- 3. Highest and Best Use
|
| Commercial Property Transactions | - Commercial Leasing
- 1. Management Fees
- 2. Tenant Representation
- 3. Lease Structures
- Commercial Property Sales
- 1. Property Valuation
- 2. Commercial Agreements of Purchase and Sale
- 3. Due Diligence Procedures
|
Humber College Exam 4: Invigilated Theory Sample Questions:
1. Which of the following practices maintains the stability and durability of a commercial property?
A) Increasing the base rent and additional rent in a slow economy
B) Replacing old tenants with new tenants that pay much higher rent
C) Keeping good tenants
D) Delaying improvements to the property to save costs
2. A buyer should consider the record of site condition (RSC) document when purchasing a commercial property. Which of the following statements regarding an RSC is correct?
A) It is not a material fact; thus, it is a formality for the buyer to get it.
B) Requesting an RSC is mandatory in all real estate transactions.
C) It contains records pertaining to a property's financial condition.
D) With other documents, it will inform the buyer of any legal issues attached to the title.
3. A salesperson is representing a buyer client in the purchase of a fully tenanted mixed-use building. The agreement of purchase and sale will be in the name of a corporation owned by the buyer and several other shareholders. Which of the following statements is correct regarding the signing of this agreement of purchase and sale?
A) A major shareholder of the company must sign and date over their printed name.
B) The general partner of the company must sign and date below the printed name of the limited company.
C) An authorized signing officer of the company must sign and date over the words: "I haveauthority to bind the corporation" and below the printed registered name.
D) The buyer must sign and date below the printed name of the corporation.
4. A salesperson is drafting an offer and discussing with the buyer the steps required for due diligencewhen purchasing a commercial condominium unit. All of the steps below are included in due diligence, EXCEPT:
A) Gather, organize, and verify all pertinent information
B) Create a business plan
C) Estimate time frames required for due diligence and other offer conditions
D) Identify third-party professionals
5. Which of the following is NOT relevant information a salesperson must verify when representing a landlord who is planning to lease their industrial property?
A) The salesperson must verify the previous tenant's lease rates and terms.
B) The salesperson must verify whether the tenant's intended use for the industrial property is permitted under the zoning bylaw.
C) The salesperson must verify the zoning information for the industrial property.
D) The salesperson must verify the rates and terms of lease for the property.
Solutions:
Question # 1
Answer: C | Question # 2
Answer: D | Question # 3
Answer: C | Question # 4
Answer: B | Question # 5
Answer: A |
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