Free Humber College PREX-1060A Exam Questions
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Humber College PREX-1060A Exam Questions
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Provided By: Humber College
- Exam: Exam 4: Invigilated Theory Exam
- Certification: RESP Pre-Registration Phase
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Total Questions: 122
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Updated On: Nov 14, 2024
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Rated: 4.9 |
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Online Users: 244
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Question 1
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Both the landlord and the tenant have responsibilities in the management of their relationship as per the
commercial lease agreement. Which of the following is NOT an accurate statement regarding the roles and
responsibilities of landlords and tenants as per the Commercial Agreement to Lease?
Answer: B
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Both the landlord and the tenant have responsibilities in the management of their relationship as per the
commercial lease agreement. Which of the following is NOT an accurate statement regarding the roles and
responsibilities of landlords and tenants as per the Commercial Agreement to Lease?
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Question 2
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A salesperson includes a well-drafted condition in an agreement of purchase and sale for their buyer client to
arrange a new first mortgage for an industrial property. The buyer later changes their mind and does not want
to borrow money for the purchase. What should the buyer's salesperson use to remove the condition?
Answer: D
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A salesperson includes a well-drafted condition in an agreement of purchase and sale for their buyer client to
arrange a new first mortgage for an industrial property. The buyer later changes their mind and does not want
to borrow money for the purchase. What should the buyer's salesperson use to remove the condition?
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Question 3
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Finish the sentence: The Employment Standards Act:
Answer: D
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Finish the sentence: The Employment Standards Act:
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Question 4
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An office building is being sold. The agreement of purchase and sale includes multiple conditions that protect
the buyer. Each condition has a different expiry date, and they will be fulfilled and completed at different
times. The conditions do not have waiver provisions. In this situation, all conditions can be removed by:
Answer: C
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An office building is being sold. The agreement of purchase and sale includes multiple conditions that protect
the buyer. Each condition has a different expiry date, and they will be fulfilled and completed at different
times. The conditions do not have waiver provisions. In this situation, all conditions can be removed by:
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Question 5
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A buyer client is discussing zoning bylaws of the municipality in relation to an industrial development site
with their salesperson. Which of the following is NOT a correct statement with respect to zoning bylaws?
Answer: B
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A buyer client is discussing zoning bylaws of the municipality in relation to an industrial development site
with their salesperson. Which of the following is NOT a correct statement with respect to zoning bylaws?