PDF Version DemoHumber College PREX-1060A Exam Overview:
| Certification Vendor: | Humber College |
| Exam Name: | Exam 4: Invigilated Theory Exam |
| Exam Number: | PREX-1060A |
| Exam Format: | Invigilated Theory Exam, Multiple Choice |
| Available Languages: | English |
| Exam Duration: | 180 minutes |
| Related Certifications: | Real Estate Salesperson Program |
| Sample Questions: | Humber College PREX-1060A Sample Questions |
| Exam Way: | Online remotely invigilated examination through the Meazure Learning platform. |
| Pre Condition: | Completion of the required Humber Real Estate Program course prerequisites before scheduling the examination. |
| Official Syllabus URL: | https://realestateprograms.humber.ca/search/publicCourseSearchDetails.do?courseId=17712&method=load |
Humber College PREX-1060A Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Property Development and Land Use | - Development Analysis
|
| Topic 2: Commercial Property Transactions | - Commercial Property Sales
|
| Topic 3: Financial Analysis | - Commercial Financing
|
| Topic 4: Commercial Property Types | - Industrial Properties
|
Humber College Exam 4: Invigilated Theory Sample Questions:
1. 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 are more durable than tilt-up panels.
B) Pre-cast panels cost much more than tilt-up panels.
C) Both tilt-up panels and pre-cast panels can lower construction costs.
D) Both tilt-up panels and pre-cast panels are formed off-site.
2. 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) Net operating income
B) Shareholder's equity
C) Assets
D) Liabilities
3. A seller client wants to know the actual size of their unit to avoid any discrepancies. How should the salesperson assist the client?
A) Add a disclaimer to protect the seller from any discrepancy.
B) Tell the seller the usable size is 80 percent of the rentable size.
C) Use a laser measuring device to take the measurements.
D) Recommend the services of third-party professionals to measure it.
4. What is the best indicator of a strong office market?
A) The number of free months given to new and renewing tenants by landlords in the office marketplace
B) When tenants have lots of options because of the amount of available space at favorable rates
C) Low rental rates and many concessions
D) The absorption rate, net absorption rate, and rising rental rates
5. 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 calling a general meeting within 21 days to appoint a new board of directors.
B) The developer will be responsible for registering the declaration and description and creating the plan and vision for the property.
C) The developer will be responsible for much of the day-to-day management of the condominium corporation's affairs after the turnover meeting.
D) The developer will be responsible for overseeing the business affairs of the condominium corporation after the turnover meeting.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
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