PREX-1060A VISUAL CERT EXAM, TESTKING PREX-1060A LEARNING MATERIALS

PREX-1060A Visual Cert Exam, Testking PREX-1060A Learning Materials

PREX-1060A Visual Cert Exam, Testking PREX-1060A Learning Materials

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q61-Q66):

NEW QUESTION # 61
When a farm is sold, there are exemptions to the payment of harmonized sales tax (HST). In which of the following circumstances is a farmer responsible to pay HST to the copyright Revenue Agency (CRA)?

  • A. The farm has been used for personal use.
  • B. The farmer uses a smaller portion of the farm for a residence.
  • C. The farmer sells the farm to a relative.
  • D. The farm is sold to a corporation and the HST is included in the selling price.

Answer: A


NEW QUESTION # 62
Which of the following statements about economic development offices is NOT correct?

  • A. Economic development offices have important resources for those seeking suitable commercial sites for business operations.
  • B. Economic development offices provide background information on local, provincial, and federal research and development incentives.
  • C. Economic development offices can help guide development applications through municipal processes and streamline the approvals process for companies unfamiliar with regulatory requirements.
  • D. Economic development offices can provide you with real property information regarding tax assessments and how to appeal your real estate taxes.

Answer: D


NEW QUESTION # 63
A salesperson, who is representing a tenant, has completed a comparative market analysis (CMA) of the management fees charged, assessed on a square footage basis, at the different office buildings that their client is interested in leasing. The management fees vary across the comparable office buildings, and the tenant is interested to know why there is a difference. Which of the following is an accurate statement the salesperson can make about the difference in management fees between the buildings?

  • A. The salesperson should tell their client that higher management fees charged for a building always indicates that the tenant is getting superior service and value.
  • B. The salesperson should explain that a tenant occupying a smaller rentable area in a building pays higher management fees per square foot compared to a tenant with an average or larger rentable area.
  • C. The salesperson should identify the reasons for high management fees charged for a building and determine the relative value it provides.
  • D. The salesperson should tell the tenant that the Condominium Authority of Ontario regulates management fees charged by buildings as per their size.

Answer: C


NEW QUESTION # 64
A salesperson discusses with a buyer the potential advantages of purchasing brownfields for redevelopment.
What is NOT an advantage for the buyer of a brownfield property?

  • A. Brownfield properties can often be purchased at well below their potential market value.
  • B. An owner who rehabilitates a brownfield property can receive tax incentives.
  • C. The contaminants in brownfields contain precious metals that can be sold to earn additional income.
  • D. Brownfield properties typically have the advantage of existing infrastructure such as roads, utilities, water/sewer servicing, schools, and transit facilities.

Answer: C


NEW QUESTION # 65
A buyer is interested in constructing a retail building and wants to use the most efficient method to save time and money. Which statement is true with regard to tilt-up wall panels and pre-cast panels?

  • A. Both tilt-up panels and pre-cast panels are formed off-site.
  • B. Both tilt-up panels and pre-cast panels can lower construction costs.
  • C. Pre-cast panels cost much more than tilt-up panels.
  • D. Pre-cast panels are more durable than tilt-up panels.

Answer: B


NEW QUESTION # 66
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