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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

1. A buyer client and their salesperson are doing a visual check of the industrial property that the buyer is planning to purchase. When they get to the rear of the property, the salesperson observes a potential source of contamination. Which of the following factors is likely the cause of concern for the salesperson?

A) The office building next door has an overflow parking lot.
B) There is vacant land nearby with a small pond with discolored standing water.
C) There is a residential neighborhood and playground nearby.
D) The neighboring property includes a restaurant, a dental clinic, and a law office.

2. Which of the following practices maintains the stability and durability of a commercial property?

A) Increasing the base rent and additional rent in a slow economy
B) Keeping good tenants
C) Delaying improvements to the property to save costs
D) Replacing old tenants with new tenants that pay much higher rent

3. Which of the following is NOT determined by zoning bylaws?

A) The types of buildings that are permitted in a location, their height, and how they may be used
B) Where buildings and other structures may be located
C) The amount of rent a building may generate
D) Lot dimensions and parking requirements

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

A) A redevelopment will seriously disrupt the current operation.
B) A similar building can be bought at a low price.
C) The cost of relocating is low.
D) The existing building no longer provides the highest and best use of the site.

5. Land developers purchase land for commercial, industrial, and residential projects. Tracts of land larger than five acres but smaller than 10 acres may appeal to land developers for various reasons. Which of the following is one of the reasons?

A) They are normally less expensive than pieces of land smaller than two acres in the same neighborhood.
B) They can be used for newly planned subdivisions.
C) The developer cannot find a building lot to build a detached home.
D) They are a good size for modern 18-hole golf courses.

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