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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q104-Q109):

NEW QUESTION # 104
A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:

A. There may be minimum width and depth requirements for parking spaces.
B. Parking may be impacted by the municipality's parking bylaw.
C. Required parking for persons with disabilities is usually fixed as a ratio based on the number of disabled persons in the community.
D. Parking may be impacted by zoning requirements.

Answer: C

NEW QUESTION # 105
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. Shareholder's equity
B. Liabilities
C. Net operating income
D. Assets

Answer: C

NEW QUESTION # 106
Sometimes, transactions do not close. When a transaction won't be completed, what should a salesperson try to do as soon as possible?

A. Terminate the transaction and disengage from it.
B. Conduct an analysis of why the transaction will not be carried out.
C. Obtain the remuneration owed.
D. Pass the transaction to the broker of record so that the broker will take care of it.

Answer: B

NEW QUESTION # 107
Which of the following is a reason why an owner might consider redeveloping an industrial property?

A. The cost of relocating is low.
B. A similar building can be bought at a low price.
C. The existing building no longer provides the highest and best use of the site.
D. A redevelopment will seriously disrupt the current operation.

Answer: C

NEW QUESTION # 108
A salesperson is assisting the buyer of a retail condominium with the due diligence process. What is a leading practice they should recommend to the buyer?

A. Confirm that the contract of the condominium property management company has been renewed for at least 10 years.
B. Verify if there are any non-competition provisions that need to be satisfied as set out in thecondominium rules or bylaws.
C. Ensure there is parking and repair space available for commercial trucks.
D. Obtain the existing status certificate from the brokerage to verify all restrictions, including shared premises with other businesses in the commercial condominium.

Answer: B

NEW QUESTION # 109
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