Professional Humber College PREX-1060A Exam Topic and Reliable Reliable PREX-1060A Test Tips
Professional Humber College PREX-1060A Exam Topic and Reliable Reliable PREX-1060A Test Tips
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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q64-Q69):
NEW QUESTION # 64
A salesperson is drafting an agreement to lease a retail property for a tenant client who is looking to open a women's apparel store. Which of the following would NOT be included in the agreement to lease?
- A. The names of all the tenant's suppliers
- B. The names of all parties to the lease
- C. A description of the premises
- D. The commencement date of the lease
Answer: A
NEW QUESTION # 65
A salesperson should know how to gather key information about a new commercial condominium, including the size of a unit. Which of the following sources of information should a salesperson rely on?
- A. An opinion from the seller's lawyer
- B. An opinion from the property manager
- C. A sketch of the seller's floor layout
- D. A surveyor's certificate for the unit
Answer: D
NEW QUESTION # 66
Which of the following is a characteristic of main street retail?
- A. Comprises a blend of old and new stores
- B. Consists of newer, free-standing buildings only
- C. Must be located in a small, older community
- D. Structure size typically ranges from 100,000 to 130,000 square feet
Answer: A
NEW QUESTION # 67
A salesperson and their commercial seller client are discussing and preparing to list the seller's office building. The topic of defects comes up and the seller wants to know what the salesperson will have to disclose. Which of the following is an accurate statement regarding the disclosure of defects?
- A. The salesperson should not disclose material latent defects that are known to the seller that could reduce the price or the marketability of the property.
- B. The salesperson should discuss patent defects known to the seller of the office building with the seller and disclose them to a buyer.
- C. The salesperson should not disclose latent defects that are known to the seller as they could affect the seller's ability to obtain a high price for the property.
- D. The salesperson should discuss latent defects known to the seller of the office building with the seller and disclose them to a buyer.
Answer: D
NEW QUESTION # 68
In regard to the adjusted book value/asset valuation method of valuing a business, which of the following is correct?
- A. A company's adjusted book value should be equal to the actual market value of the business.
- B. The adjusted book value method should not be used when the sale of a business is being implemented or is under consideration.
- C. The adjusted book value method takes goodwill into account when establishing the value of a business.
- D. A company's adjusted book value is entirely unrelated to its net worth.
Answer: C
NEW QUESTION # 69
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