Try and practice the latest Humber College : PREX-1060A real questions & answers

Humber College PREX-1060A Exam Overview:

Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

Question 1

Which of the following accurately describes a landlord's commercial property insurance coverage?

A. A landlord's commercial property insurance policy should cover the loss of the property's equity due to a change in market conditions or to a recession.
B. A landlord's commercial property insurance policy should cover the loss of the tenant's assets due to theft from their employees or third parties.
C. A landlord's commercial property insurance policy should cover the loss of the tenant's assets and income due to business interruption as the result of a fire or flood.
D. A landlord's commercial property insurance policy should cover the loss of rental income in the event of a fire, for the period the premises is vacant while repairs are made.

Question 2

Sometimes, transactions do not close. When a transaction won't be completed, what should a salesperson try to do as soon as possible?

A. Conduct an analysis of why the transaction will not be carried out.
B. Obtain the remuneration owed.
C. Pass the transaction to the broker of record so that the broker will take care of it.
D. Terminate the transaction and disengage from it.

Question 3

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

Question 4

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 calling a general meeting within 21 days to appoint a new board of directors.
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 registering the declaration and description and creating the plan and vision for the property.

Question 5

Established under the Farming and Food Production Protection Act, the Normal Farm PracticesBoard is composed of members appointed by the Minister of Agriculture, Food and Rural Affairs. Which statement is NOT accurate with regard to the Normal Farm Practices Board?

A. The Board can conduct hearings that are heard by a minimum of five board members.
B. The Board can order farmers to modify practices for consistency with normal farm practices.
C. The Board can dismiss complaints if the disturbances are the result of normal farm practices.
D. The Board can order farmers to cease practices that cause disturbances if they are not considered to be normal farm practices.

Solutions: