Free PDF Quiz 2024 Humber College Fantastic PREX-1060A: Exam 4: Invigilated Theory Exam Free Pdf Guide

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q35-Q40):

NEW QUESTION # 35
A salesperson is assisting both the tenant and the landlord in a commercial property rentaltransaction. Which of the following statements about calculating the remuneration for this transaction is correct?

A. Remuneration can be an agreed amount or a percentage of the rental price, but not a combination of both.
B. Remuneration can be calculated based on the difference between the listing price and the actual rental price.
C. The tenant may be required to pay the deficiency between the contracted amount in the tenant representation agreement and the amount actually paid by the landlord.
D. Salespersons are prohibited from indicating directly that remuneration is fixed by any association but can indicate it indirectly.

Answer: C

NEW QUESTION # 36
Which of the following statements about industrial building components is correct?

A. Loading docks are only used to off-load products or raw materials.
B. Bay depth is an important consideration when determining the layout of an industrial process.
C. Flat roofs are designed to be flat to hold water.
D. Floor load refers to the weight of the building during construction.

Answer: B

NEW QUESTION # 37
A developer has completed the construction of a new commercial condominium project that is readyfor occupancy by the buyers. The condominium should be registered within approximately six months. Which of the following accurately describes a responsibility of the developer?

A. The developer will be responsible for much of the day-to-day management of the condominium corporation's affairs after the turnover meeting.
B. The developer will be responsible for registering the declaration and description and creating the plan and vision for the property.
C. The developer will be responsible for overseeing the business affairs of the condominium corporation after the turnover meeting.
D. The developer will be responsible for calling a general meeting within 21 days to appoint a new board of directors.

Answer: B

NEW QUESTION # 38
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. Heavy industrial use usually results in less traffic in and out of the heavy industrial zone.
D. Clay production is an example of light industrial use.

Answer: A

NEW QUESTION # 39
If a property in Ontario is assessed and valued as farmland by the Municipal Property Assessment Corporation (MPAC), the farmer could receive a 75% tax reduction for municipal taxes if certain conditions are met. Which of the following describes a condition that must be met?

A. They are Canadian citizens or permanent residents of copyright.
B. They have a valid harmonized sales tax (HST) registration number under the Excise Tax Act.
C. They submit the appropriate application semi-annually.
D. They carry on a farming business generating a net profit of $100,000.

Answer: B

NEW QUESTION # 40
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