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:

1. If a retail unit has a usable area of 3,482 sq. ft. with a conversion rate of 1.1235, what would the tenant's rentable area be?

A) The retail tenant's rentable area would be 3,073 sq.ft.
B) The retail tenant's rentable area would be 3,605 sq. ft.
C) The retail tenant's rentable area would be 3,482 sq. ft.
D) The retail tenant's rentable area would be 3,912 sq.ft.

2. A buyer client is interested in purchasing an industrial property for their manufacturing business. The buyer's salesperson informs them of the building criteria, along with the minimum requirements for clear height and clear span that would be suitable for the buyer's business. What should the salesperson explain to the buyer regarding clear span?

A) The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the highest point of the ceiling or roof component.
B) The salesperson should explain that clear span refers to the amount of floor area that is clear of interference from columns and walls.
C) The salesperson should explain that clear span refers to the total amount of floor area in the space, including the space that is occupied between columns and walls.
D) The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the lowest ceiling or roof component.

3. Utility requirements are different for retail, office, and industrial properties, and a salesperson should understand the utility needs of each client. Which of the following items is NOT required bya typical occupant of a retail space?

A) Sufficient lighting
B) A proper ventilation system
C) A stable internet connection
D) A high voltage and ampere supply

4. Different clauses can be used for each transaction to address the unique needs of buyers and sellers. Which of the following may be used in an agreement of purchase and sale to buy a commercial property?

A) A clause for the buyer to review the leases only after all conditions have been waived and accepted
B) A clause for the buyer to have the right to negotiate for specialized restaurant equipment that is not included in the property purchase price
C) A clause to confirm the remuneration payable to the brokerages will be as stated in the seller representation agreement
D) A clause for the seller to disclose all information verbally without providing supporting documents to verify that information; documents to be provided on closing

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

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

Solutions: