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

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Humber College Exam 4: Invigilated Theory Sample Questions:

1. 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 is considered a trade fixture and shall remain the tenant's property.
B) The tenant's signage must be approved by the municipality and the landlord, and all associated costs shall be paid by the landlord.
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.

2. The operating costs of a commercial building are usually higher than those of buildings that do not have any common areas. Common area maintenance (CAM) is referred to as the landlord's operating costs attributable to factors that affect the common areas. Which of the following is NOT one of those factors?

A) Supervision
B) Repairs
C) Operations
D) Depreciation

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

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

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

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

Solutions: