Exam Name: Exam 4: Invigilated Theory Exam
Certification Provider: Humber College
Corresponding Certification: RESP Pre-Registration Phase
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Instant Download Humber College : PREX-1060A Questions & Answers as PDF & Test Engine
Updated: Oct 09, 2026
No. of Questions: 108 Questions & Answers with Testing Engine
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Humber College PREX-1060A Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Commercial Property Transactions | - Commercial Leasing
|
| Commercial Property Types | - Retail and Office Properties
|
| Property Development and Land Use | - Development Analysis
|
| Financial Analysis | - Business Financial Review
|
Humber College Exam 4: Invigilated Theory Sample Questions:
A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:
- A. Parking may be impacted by zoning requirements.
- B. Required parking for persons with disabilities is usually fixed as a ratio based on the number of disabled persons in the community.
- C. There may be minimum width and depth requirements for parking spaces.
- D. Parking may be impacted by the municipality's parking bylaw.
Correct Answer: B 🗳️
Finish the sentence: The Employment Standards Act:
- A. Specifies the terms of a business partnership agreement.
- B. Regulates trade names.
- C. Protects the rights of workers of a business that is being sold.
- D. Regulates matters involving ownership of a business.
Correct Answer: C 🗳️
A buyer is interested in constructing a retail building and wants to use the most efficient method to save time and money. Which statement is true with regard to tilt-up wall panels and pre-cast panels?
- A. Pre-cast panels cost much more than tilt-up panels.
- B. Both tilt-up panels and pre-cast panels can lower construction costs.
- C. Pre-cast panels are more durable than tilt-up panels.
- D. Both tilt-up panels and pre-cast panels are formed off-site.
Correct Answer: B 🗳️
A seller provides you with architectural drawings of their building. Which statement is NOT correct?
- A. If changes are made to source documents, they are still valid if you have the original document.
- B. Other types of source documents include surveys and tax records.
- C. A photocopy of a source document can be used to verify information.
- D. Architectural drawings are source documents.
Correct Answer: A 🗳️
A buyer wants to purchase an industrial property for its international logistics and distribution center.
Currently, the building is used by a local courier company with small delivery trucks and vans. When drafting an offer to purchase this property, which of the following should be added regarding this change of use?
- A. A clause to check the condition of the trucks and vans
- B. A clause to obtain the necessary mortgage amount
- C. A clause to ensure the truck parking spaces and turning radius are sufficient
- D. A clause to test the quality of the underground water source
Correct Answer: C 🗳️
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