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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q15-Q20):

NEW QUESTION # 15
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. Salespersons are prohibited from indicating directly that remuneration is fixed by any association but can indicate it indirectly.
B. 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.
C. Remuneration can be an agreed amount or a percentage of the rental price, but not a combination of both.
D. Remuneration can be calculated based on the difference between the listing price and the actual rental price.

Answer: B

NEW QUESTION # 16
A buyer client and their salesperson are doing a visual check of the industrial property that the buyer is planning to purchase. When they get to the rear of the property, the salesperson observes a potential source of contamination. Which of the following factors is likely the cause of concern for the salesperson?

A. There is vacant land nearby with a small pond with discolored standing water.
B. The office building next door has an overflow parking lot.
C. The neighboring property includes a restaurant, a dental clinic, and a law office.
D. There is a residential neighborhood and playground nearby.

Answer: A

NEW QUESTION # 17
A salesperson must ensure that a buyer client is aware of all revenue sources and expenses related to the property they are interested in purchasing. Which of the following is an accurate statement regarding potential revenue sources for a commercial property?

A. Shopping centres with more than 150 stores typically have only two types of rental revenues to cover all the operating expenses of the property: base rent and additional rent.
B. Commercial office owners have only one type of potential rental income, which is percentage rent, as the owner themselves pay for the operating expenses of the property.
C. Retail commercial property owners have three types of potential rental income: base rent, additional rent, and percentage rent.
D. Every commercial property, whether an office building, an industrial property, a retail property, or land, has a single source of revenue, which is the base rent.

Answer: C

NEW QUESTION # 18
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. Flat roofs are designed to be flat to hold water.
C. Bay depth is an important consideration when determining the layout of an industrial process.
D. Floor load refers to the weight of the building during construction.

Answer: C

NEW QUESTION # 19
All of the following aspects of a commercial property may affect its eligibility for Leadership in Energy and Environmental Design (LEED) certification, EXCEPT:

A. Innovative elements
B. Vacancy rate
C. Energy efficiency
D. Sustainability

Answer: B

NEW QUESTION # 20
......

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PREX-1060A Reliable Exam Review | Valid PREX-1060A Test Cost

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q15-Q20):

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