RELIABLE NEW PREX-1060A STUDY MATERIALS | AMAZING PASS RATE FOR PREX-1060A EXAM | TRUSTABLE PREX-1060A: EXAM 4: INVIGILATED THEORY EXAM

Reliable New PREX-1060A Study Materials | Amazing Pass Rate For PREX-1060A Exam | Trustable PREX-1060A: Exam 4: Invigilated Theory Exam

Reliable New PREX-1060A Study Materials | Amazing Pass Rate For PREX-1060A Exam | Trustable PREX-1060A: Exam 4: Invigilated Theory Exam

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q16-Q21):

NEW QUESTION # 16
There are different requirements under REBBA and other legislation that affect the sale of a business. Which of the following is NOT correct?

  • A. If a municipal license is associated with the business and it may be transferrable to the buyer, then it is of no concern to the sales representative.
  • B. A key consideration a salesperson must keep in mind when handling the sale of a business is operating licenses.
  • C. There are various municipal bylaws that could impact the sale of a business, depending on the business activity.
  • D. Depending on the business location, there are various municipal bylaws, zoning, permits, and other rules and regulations that could impact the sale of a business.

Answer: A


NEW QUESTION # 17
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. 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.
  • B. Tenants are obligated to ensure they have adequate tenant insurance for their property.
  • C. Not all commercial leases require the landlord to perform repairs and maintenance.
  • D. 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.

Answer: D


NEW QUESTION # 18
Finish the sentence: When a commercial tenant enters an agreement to lease, the covenant to pay rent specifies that the tenant:

  • A. Cannot withhold rental payments even if the landlord does not comply with their obligations under the lease.
  • B. Cannot pay rent to the property manager and must pay directly to the property owner.
  • C. Agrees to pay additional rent for a gross lease.
  • D. Agrees to pay any percentage rent a landlord demands, regardless of sales revenue.

Answer: A


NEW QUESTION # 19
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 rates and terms of lease for the property.
  • B. The salesperson must verify the zoning information for the industrial property.
  • C. The salesperson must verify the previous tenant's lease rates and terms.
  • D. The salesperson must verify whether the tenant's intended use for the industrial property is permitted under the zoning bylaw.

Answer: C


NEW QUESTION # 20
A salesperson is preparing to list an industrial building and wants to assess the availability and size of utilities, as these factors may prohibit a change in use for the potential buyer. Which of the following is correct?

  • A. If the information on the subject building's utilities is available, then a potential buyer will not put a condition in the offer.
  • B. The salesperson should conduct a visual inspection of the building to determine the specifications of the utilities.
  • C. If the information on the building's utilities is not available, the salesperson can determine it by finding out the specifications of the utilities of the neighbors.
  • D. The seller may have up-to-date documentation about the utilities but, in some situations, a third-party professional assessment is still needed.

Answer: D


NEW QUESTION # 21
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