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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q84-Q89):

NEW QUESTION # 84
Location preferences and accessibility are important when matching a potential buyer client with an appropriate commercial property. Which of the following is NOT a location preference consideration?

A. Traffic counts
B. Demographics
C. Surrounding uses
D. Financial health of the company

Answer: D

NEW QUESTION # 85
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. A surveyor's certificate for the unit
C. A sketch of the seller's floor layout
D. An opinion from the property manager

Answer: B

NEW QUESTION # 86
A buyer should consider the record of site condition (RSC) document when purchasing a commercial property. Which of the following statements regarding an RSC is correct?

A. It contains records pertaining to a property's financial condition.
B. Requesting an RSC is mandatory in all real estate transactions.
C. It is not a material fact; thus, it is a formality for the buyer to get it.
D. With other documents, it will inform the buyer of any legal issues attached to the title.

Answer: D

NEW QUESTION # 87
A developer has completed the construction of a new commercial condominium project that is readyfor occupancy by the buyers. The condominium should be registered within approximately six months. Which of the following accurately describes a responsibility of the developer?

A. The developer will be responsible for overseeing the business affairs of the condominium corporation after the turnover meeting.
B. The developer will be responsible for much of the day-to-day management of the condominium corporation's affairs after the turnover meeting.
C. The developer will be responsible for calling a general meeting within 21 days to appoint a new board of directors.
D. The developer will be responsible for registering the declaration and description and creating the plan and vision for the property.

Answer: D

NEW QUESTION # 88
A brokerage negotiates the sale of a business on behalf of a seller. Which of the following documents must the brokerage provide to the buyer?

A. A list of chattels excluded in the sale
B. A statement of the assets and liabilities of the brokerage
C. A list of fixtures included in the sale
D. A profit and loss statement for the real estate brokerage for the preceding 12 months

Answer: C

NEW QUESTION # 89
......

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100% Pass Quiz 2025 Authoritative PREX-1060A: Reliable Exam 4: Invigilated Theory Exam Exam Sims

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q84-Q89):

2025 PREX-1060A – 100% Free Reliable Exam Sims | Newest Valid Braindumps PREX-1060A Ppt

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