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Humber College PREX-1060A Boot Camp | PREX-1060A Exam Actual Questions
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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q28-Q33):
NEW QUESTION # 28
A buyer client is interested in purchasing an industrial property for their manufacturing business. The buyer's salesperson informs them of the building criteria, along with the minimum requirements for clear height and clear span that would be suitable for the buyer's business. What should the salesperson explain to the buyer regarding clear span?
- A. The salesperson should explain that clear span refers to the total amount of floor area in the space, including the space that is occupied between columns and walls.
- B. The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the highest point of the ceiling or roof component.
- C. The salesperson should explain that clear span refers to the amount of floor area that is clear of interference from columns and walls.
- D. The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the lowest ceiling or roof component.
Answer: C
NEW QUESTION # 29
A tenant has an established business with good growth potential for the foreseeable future and wants to rent a retail property for expansion. If the landlord wants to have the opportunity to boost the rent when the tenant's sales are good, which type of lease would you recommend to the landlord?
- A. Percentage lease
- B. Triple net lease
- C. Gross lease
- D. Net lease
Answer: A
NEW QUESTION # 30
Which of the following is most likely to be a factor in an appraisal for an industrial property?
- A. Access to raw materials used in the region
- B. Amount of advertising and publicity
- C. Price trend for detached homes in nearby neighborhoods
- D. Proximity to museums and historical sites
Answer: A
NEW QUESTION # 31
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. Clay production is an example of light industrial use.
- D. Heavy industrial use usually results in less traffic in and out of the heavy industrial zone.
Answer: A
NEW QUESTION # 32
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 # 33
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