LATEST PREX-1060A PRACTICE MATERIALS | PREX-1060A VALID EXAM REGISTRATION

Latest PREX-1060A Practice Materials | PREX-1060A Valid Exam Registration

Latest PREX-1060A Practice Materials | PREX-1060A Valid Exam Registration

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q46-Q51):

NEW QUESTION # 46
Which of the following practices maintains the stability and durability of a commercial property?

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

Answer: A


NEW QUESTION # 47
Which of the following is most likely to be a factor in an appraisal for an industrial property?

  • A. Proximity to museums and historical sites
  • B. Price trend for detached homes in nearby neighborhoods
  • C. Access to raw materials used in the region
  • D. Amount of advertising and publicity

Answer: C


NEW QUESTION # 48
Which of the following is NOT determined by zoning bylaws?

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

Answer: D


NEW QUESTION # 49
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 latent defects that are known to the seller as they could affect the seller's ability to obtain a high price for 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 discuss latent defects known to the seller of the office building with the seller and disclose them to a buyer.
  • D. 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.

Answer: C


NEW QUESTION # 50
A buyer is purchasing a farm and all the animals are included in the sale price. The buyer is worried the animals could become infected with disease prior to closing, so the salesperson inserts a clause in the agreement of purchase and sale to address that issue. Which of the following should NOT be included in the clause to protect the buyer?

  • A. The number of animals based on type, gender, and health; if the number is not the same at closing, the price will be adjusted.
  • B. A condition requiring a check-up of each animal by a predetermined veterinarian during due diligence.
  • C. State that the seller will continue the day-to-day farm operations until closing.
  • D. State that the buyer is assuming all animals on an "as is" basis.

Answer: D


NEW QUESTION # 51
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