Free Practice Humber College PREX-1060A Exam Questions 2025

Stay ahead with 100% Free Exam 4: Invigilated Theory Exam PREX-1060A Dumps Practice Questions

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Total 122 Questions | Updated On: Apr 23, 2025

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Question 1

Which of the following is a reason why an owner might consider redeveloping an industrial property?

A : The cost of relocating is low.

B : A similar building can be bought at a low price.

C : The existing building no longer provides the highest and best use of the site.

D : A redevelopment will seriously disrupt the current operation.

Answer: C

Question 2

Which of the following is most likely to be a factor in an appraisal for an industrial property?

A : Amount of advertising and publicity

B : Proximity to museums and historical sites

C : Price trend for detached homes in nearby neighborhoods

D : Access to raw materials used in the region

Answer: D

Question 3

An office building is being sold. The agreement of purchase and sale includes multiple conditions that protect the buyer. Each condition has a different expiry date, and they will be fulfilled and completed at different times. The conditions do not have waiver provisions. In this situation, all conditions can be removed by:

A : Serving separate waivers

B : Serving one waiver

C : Serving separate notices of fulfillment

D : Serving one notice of fulfillment

Answer: C

Question 4

When discussing economic considerations, interest rates, government policies, and infrastructure specific to industrial properties, why are investors attracted to industrial properties?

A : Industrial properties have a lower capital gains tax at disposition.

B : Good transportation and distribution corridors do not matter to industrial investors and their tenants.

C : Higher mortgage interest rates will provide a better return on investment.

D : Industrial properties have a number of large, credit-worthy tenants and long-term leases.

Answer: D

Question 5

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 must be approved by the municipality and the landlord, and all associated costs shall be paid by the landlord.

B : The tenant's signage is considered a trade fixture and shall remain the tenant's property.

C : The tenant's signage shall be immediately removed at the end of their lease term(s) at the tenant’s expense.

D : The tenant's signage, from approvals to installation and ongoing maintenance, shall be at thetenant's own expense.

Answer: A

Page: 1 / 25

Total 122 Questions | Updated On: Apr 23, 2025

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