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Humber College PREX-1060A Exam Overview:
| Certification Vendor: | Humber College |
|---|---|
| Exam Name: | Exam 4: Invigilated Theory Exam |
| Exam Number: | PREX-1060A |
| Available Languages: | English |
| Exam Price: | CAD 0 |
| Related Certifications: | Real Estate Salesperson Program - Pre-Registration Phase |
| Exam Duration: | 180 minutes |
| Exam Format: | Invigilated Theory Exam, Multiple Choice (typical for program exams) |
| Recommended Training: | Humber College Real Estate Salesperson Program |
| Exam Registration: | Meazure Learning Exam Scheduling (access via Humber login) Humber College Real Estate Programs Portal |
| Sample Questions: | Humber College PREX-1060A Sample Questions |
| Exam Way: | Invigilated (proctored) exam via Meazure Learning platform |
| Pre Condition: | Pass PREC-1050A (Course 4: Commercial Real Estate Transactions - eLearning) |
| Official Syllabus URL: | https://realestateprograms.humber.ca/search/publicCourseSearchDetails.do?courseId=17712&method=load |
Humber College PREX-1060A Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Commercial Real Estate Transactions | - Property valuation and market evaluation
|
Humber College Exam 4: Invigilated Theory Sample Questions:
A salesperson is drafting an agreement to lease a retail property for a tenant client who is looking to open a women's apparel store. Which of the following would NOT be included in the agreement to lease?
- A. The commencement date of the lease
- B. A description of the premises
- C. The names of all parties to the lease
- D. The names of all the tenant's suppliers
Correct Answer: D 🗳️
In regard to the adjusted book value/asset valuation method of valuing a business, which of the following is correct?
- A. The adjusted book value method takes goodwill into account when establishing the value of a business.
- B. The adjusted book value method should not be used when the sale of a business is being implemented or is under consideration.
- C. A company's adjusted book value is entirely unrelated to its net worth.
- D. A company's adjusted book value should be equal to the actual market value of the business.
Correct Answer: A 🗳️
A tenant is renting 4,000 square feet of space in a commercial shopping center under a net lease. The base rent is $20 per square foot per annum, and there is a percentage rent of 5% of gross sales over the base rent. The tenant has annual gross sales of $1,000,000. The annual expenses are $10 per square foot. How much annual base rent does the tenant have to pay?
- A. $60,000
- B. $80,000
- C. $120,000
- D. $130,000
Correct Answer: B 🗳️
A salesperson is drafting an offer and discussing with the buyer the steps required for due diligencewhen purchasing a commercial condominium unit. All of the steps below are included in due diligence, EXCEPT:
- A. Estimate time frames required for due diligence and other offer conditions
- B. Identify third-party professionals
- C. Gather, organize, and verify all pertinent information
- D. Create a business plan
Correct Answer: D 🗳️
Which of the following statements about economic development offices is NOT correct?
- A. Economic development offices can help guide development applications through municipal processes and streamline the approvals process for companies unfamiliar with regulatory requirements.
- B. Economic development offices can provide you with real property information regarding tax assessments and how to appeal your real estate taxes.
- C. Economic development offices have important resources for those seeking suitable commercial sites for business operations.
- D. Economic development offices provide background information on local, provincial, and federal research and development incentives.
Correct Answer: B 🗳️
By Donahue
