Humber College PREX-1060A : Exam 4: Invigilated Theory Exam

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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

Question 1

A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:

A. There may be minimum width and depth requirements for parking spaces.
B. Parking may be impacted by zoning requirements.
C. Parking may be impacted by the municipality's parking bylaw.
D. Required parking for persons with disabilities is usually fixed as a ratio based on the number of disabled persons in the community.

Question 2

Obtaining the size and boundaries of a commercial condominium unit is an important task for a salesperson.
Which of the following statements regarding this task is NOT correct?

A. Space should be measured in accordance with BOMA standards.
B. An Ontario Land Surveyor can be hired to measure the space.
C. An architect can be hired to measure the space.
D. The original plans should be used to determine the size of a unit.

Question 3

There are different requirements under REBBA and other legislation that affect the sale of a business. Which of the following is NOT correct?

A. If a municipal license is associated with the business and it may be transferrable to the buyer, then it is of no concern to the sales representative.
B. Depending on the business location, there are various municipal bylaws, zoning, permits, and other rules and regulations that could impact the sale of a business.
C. There are various municipal bylaws that could impact the sale of a business, depending on the business activity.
D. A key consideration a salesperson must keep in mind when handling the sale of a business is operating licenses.

Question 4

A buyer client is discussing zoning bylaws of the municipality in relation to an industrial development site with their salesperson. Which of the following is NOT a correct statement with respect to zoning bylaws?

A. New commercial construction and redevelopment must comply with zoning bylaws.
B. Municipalities have zoning bylaws that divide the city into different land uses or zones.
C. Zoning bylaws specify the permitted land uses throughout a municipality.
D. Municipal zoning bylaws overrule all other laws with respect to land uses and issuance ofbuilding permits in Ontario.

Question 5

A buyer looking for an industrial property tells the salesperson that on-site trailer storage space is an important feature. What is a reason on-site trailer storage might be important for the buyer's industrial business?

A. Incoming trucks could have difficulty if there is a lack of on-site trailer storage.
B. Some trucks may need to park on the property overnight.
C. Outgoing trucks could have difficulty if there is a lack of on-site trailer storage.
D. Businesses need to transport materials to and from the site.

Solutions: