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Exam 4: Invigilated Theory Exam Training Vce - PREX-1060A Lab Questions & Exam 4: Invigilated Theory Exam Practice Training

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q79-Q84):

NEW QUESTION # 79
A salesperson is preparing to list an industrial building and wants to assess the availability and size of utilities, as these factors may prohibit a change in use for the potential buyer. Which of the following is correct?

A. If the information on the subject building's utilities is available, then a potential buyer will not put a condition in the offer.
B. The salesperson should conduct a visual inspection of the building to determine the specifications of the utilities.
C. The seller may have up-to-date documentation about the utilities but, in some situations, a third-party professional assessment is still needed.
D. If the information on the building's utilities is not available, the salesperson can determine it by finding out the specifications of the utilities of the neighbors.

Answer: C

NEW QUESTION # 80
In regard to equipment at an industrial property that is being shown for sale, a salesperson representing a buyer should do all of the following, EXCEPT:

A. Contact the seller's representative prior to the showing to gain awareness of safety and compliance requirements.
B. Obtain clarification as to which equipment seen during the showing will be included in the purchase price of the property.
C. Ensure chattels or fixtures are not included in the sale or negotiated for in the agreement.
D. Ensure they are informed as to whether the equipment shown will be relevant for the buyer's intended use.

Answer: C

NEW QUESTION # 81
A tenant receives the keys to their new retail space. When the tenant opens the door, they see evidence of a small fire on the walls near the electrical panel. Which of the following is an appropriate recommendation the salesperson could provide to the new tenant?

A. Terminate the lease and start looking for a new space.
B. Repair the damage and deduct the cost from the rent.
C. Meet with the property manager, review the lease, and determine a course of action.
D. Contact a lawyer and immediately start a legal action for damages.

Answer: C

NEW QUESTION # 82
The balance sheet of a business helps investors understand its stability and assess financial risk. A balance sheet includes details about all of the following, EXCEPT:

A. Liabilities
B. Net operating income
C. Shareholder's equity
D. Assets

Answer: B

NEW QUESTION # 83
Both the landlord and the tenant have responsibilities in the management of their relationship as per the commercial lease agreement. Which of the following is NOT an accurate statement regarding the roles and responsibilities of landlords and tenants as per the Commercial Agreement to Lease?

A. Tenants are obligated to ensure they have adequate tenant insurance for their property.
B. All commercial leases require that tenants keep everything in and about the property, including all points of entry and exit, in good repair at all times.
C. Not all commercial leases require the landlord to perform repairs and maintenance.
D. The landlord must address their tenants' issues in a timely manner in general but more so when the issue can result in serious and costly consequences.

Answer: B

NEW QUESTION # 84
......

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