Try Humber College : PREX-1060A valid & accurate questions and answers
Updated: May 31, 2026
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Humber College Exam 4: Invigilated Theory Sample Questions:
1. Which of the following is a correct statement regarding a design-build arrangement in commercial real estate?
A) A design-build arrangement means the buyer will only buy the property if the landowner builds a building to the buyer's specifications.
B) A design-build arrangement is commonly associated with a seller's market.
C) A design-build arrangement is a sale/leaseback arrangement.
D) A design-build arrangement requires the buyer to acquire suitable land and construct a building themselves.
2. A salesperson is helping a buyer client to purchase a piece of vacant land to develop in the future. The salesperson recommends that the buyer consult with a third-party professional because the salesperson cannot provide the service with reasonable knowledge, skill, judgment, and competence. Which of the following is NOT a professional the salesperson would likely recommend to the buyer?
A) A legal consultant who specializes in evicting residential tenants
B) An appraiser with Accredited Appraiser Canadian Institute (AACI) designation
C) A zoning specialist in the city's planning department
D) A consultant in a financial institution
3. A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:
A) Required parking for persons with disabilities is usually fixed as a ratio based on the number of disabled persons in the community.
B) Parking may be impacted by zoning requirements.
C) There may be minimum width and depth requirements for parking spaces.
D) Parking may be impacted by the municipality's parking bylaw.
4. Which of the following statements about industrial building components is correct?
A) Floor load refers to the weight of the building during construction.
B) Bay depth is an important consideration when determining the layout of an industrial process.
C) Flat roofs are designed to be flat to hold water.
D) Loading docks are only used to off-load products or raw materials.
5. There are different requirements under REBBA and other legislation that affect the sale of a business. Which of the following is NOT correct?
A) There are various municipal bylaws that could impact the sale of a business, depending on the business activity.
B) If a municipal license is associated with the business and it may be transferrable to the buyer, then it is of no concern to the sales representative.
C) A key consideration a salesperson must keep in mind when handling the sale of a business is operating licenses.
D) Depending on the business location, there are various municipal bylaws, zoning, permits, and other rules and regulations that could impact the sale of a business.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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