Humber College PREX-1060A

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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

Question 1

Established under the Farming and Food Production Protection Act, the Normal Farm PracticesBoard is composed of members appointed by the Minister of Agriculture, Food and Rural Affairs. Which statement is NOT accurate with regard to the Normal Farm Practices Board?

A. The Board can dismiss complaints if the disturbances are the result of normal farm practices.
B. The Board can order farmers to cease practices that cause disturbances if they are not considered to be normal farm practices.
C. The Board can conduct hearings that are heard by a minimum of five board members.
D. The Board can order farmers to modify practices for consistency with normal farm practices.

Question 2

A salesperson is searching for properties on behalf of their retail buyer client for their designer eyewear and optical store. The buyer discusses their storage and product display needs with the salesperson. Which of the following is NOT a factor the buyer should consider regarding the product display and storage space of potential properties?

A. The salesperson should advise the buyer to consider the space they will need to allot for storage versus customer-facing product.
B. The salesperson should advise the buyer to consider the size of their products.
C. The salesperson should advise the buyer to consider their business's predicted monthly inventory.
D. The salesperson should advise the buyer to consider the price of their products.

Question 3

When calculating the total purchase price of farmland with improvements on it, which of the following items is NOT included?

A. Goodwill
B. Barns and sheds
C. Fixed equipment
D. Residence

Question 4

A salesperson is representing a tenant client who is opening a new pet food store in a local strip plaza. The salesperson meets with their tenant to discuss display signage and review the guidelines in their commercial lease agreement. Which statement is NOT accurate regarding the commercial lease agreement's signage clause?

A. The tenant's signage shall be immediately removed at the end of their lease term(s) at the tenant's expense.
B. The tenant's signage must be approved by the municipality and the landlord, and all associated costs shall be paid by the landlord.
C. The tenant's signage, from approvals to installation and ongoing maintenance, shall be at thetenant's own expense.
D. The tenant's signage is considered a trade fixture and shall remain the tenant's property.

Question 5

A salesperson representing a client who is selling an office property has received some documents from the seller and is trying to organize them. Which of the following documents is NOT needed by the salesperson or seller when selling the property?

A. Private mortgage form
B. Telephone bills
C. Environmental site assessments
D. Income verification documents

Solutions: