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Quiz 2024 Efficient Humber College 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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