100% PASS HUMBER COLLEGE - VALID PREX-1060A - SAMPLE EXAM 4: INVIGILATED THEORY EXAM QUESTIONS

100% Pass Humber College - Valid PREX-1060A - Sample Exam 4: Invigilated Theory Exam Questions

100% Pass Humber College - Valid PREX-1060A - Sample Exam 4: Invigilated Theory Exam Questions

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Tags: Sample PREX-1060A Questions, Valid PREX-1060A Study Materials, Reliable Study PREX-1060A Questions, Reliable PREX-1060A Exam Registration, Valid PREX-1060A Vce Dumps

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PREX-1060A Questions [2025] - Humber College PREX-1060A Exam Dumps

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q77-Q82):

NEW QUESTION # 77
A salesperson is representing a tenant client who is opening a new pet food store in a local strip plaza. The salesperson meets with their tenant to discuss display signage and review the guidelines in their commercial lease agreement. Which statement is NOT accurate regarding the commercial lease agreement's signage clause?

  • A. The tenant's signage is considered a trade fixture and shall remain the tenant's property.
  • B. The tenant's signage must be approved by the municipality and the landlord, and all associated costs shall be paid by the landlord.
  • C. The tenant's signage, from approvals to installation and ongoing maintenance, shall be at thetenant's own expense.
  • D. The tenant's signage shall be immediately removed at the end of their lease term(s) at the tenant's expense.

Answer: B


NEW QUESTION # 78
A salesperson is discussing the advantages and disadvantages of owning commercial real estatewith their investor buyer client. Which of the following is NOT an advantage of owning commercial real estate?

  • A. Potential for tax sheltering possibilities for the investor is an advantage of owning commercial real estate.
  • B. Potential to recover capital through refinancing is an advantage of owning commercial real estate.
  • C. Limited equity investment while gaining leverage through financing is an advantage of owning commercial real estate.
  • D. Quick turnaround time to free up capital when needed is an advantage of owning commercial real estate.

Answer: D


NEW QUESTION # 79
What is the best indicator of a strong office market?

  • A. Low rental rates and many concessions
  • B. When tenants have lots of options because of the amount of available space at favorable rates
  • C. The number of free months given to new and renewing tenants by landlords in the office marketplace
  • D. The absorption rate, net absorption rate, and rising rental rates

Answer: D


NEW QUESTION # 80
A salesperson is representing a buyer client in the purchase of a fully tenanted mixed-use building. The agreement of purchase and sale will be in the name of a corporation owned by the buyer and several other shareholders. Which of the following statements is correct regarding the signing of this agreement of purchase and sale?

  • A. A major shareholder of the company must sign and date over their printed name.
  • B. The general partner of the company must sign and date below the printed name of the limited company.
  • C. An authorized signing officer of the company must sign and date over the words: "I haveauthority to bind the corporation" and below the printed registered name.
  • D. The buyer must sign and date below the printed name of the corporation.

Answer: C


NEW QUESTION # 81
When representing a client who is selling a business, a salesperson must be aware of concerns related to compliance. Which of the following is NOT a compliance concern?

  • A. The seller discloses all liabilities of the business in writing
  • B. The condition of goods, chattels, and fixtures cannot be verified
  • C. The seller provides insufficient due diligence documents
  • D. Income and expense statements contain misrepresentations

Answer: A


NEW QUESTION # 82
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