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Reliable Exam PREX-1060A Pass4sure | Training PREX-1060A Online

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q57-Q62):

NEW QUESTION # 57
In a commercial transaction, which of the following is NOT a responsibility of the lawyer?

A. Review of financial statements
B. Review of the Agreement of Purchase and Sale
C. Remedy of title issues
D. Exchange of legal documents

Answer: A

NEW QUESTION # 58
A salesperson is helping a buyer identify their needs and property requirements to select an appropriate office property and they are discussing the office layout. Which of the following is NOTa layout consideration?

A. Boardrooms, private offices, and workstations
B. Fitting rooms
C. Storage
D. Kitchens/lunchrooms

Answer: B

NEW QUESTION # 59
A buyer is interested in constructing a retail building and wants to use the most efficient method to save time and money. Which statement is true with regard to tilt-up wall panels and pre-cast panels?

A. Pre-cast panels are more durable than tilt-up panels.
B. Both tilt-up panels and pre-cast panels can lower construction costs.
C. Pre-cast panels cost much more than tilt-up panels.
D. Both tilt-up panels and pre-cast panels are formed off-site.

Answer: B

NEW QUESTION # 60
When a farm is sold, there are exemptions to the payment of harmonized sales tax (HST). In which of the following circumstances is a farmer responsible to pay HST to the Canada Revenue Agency (CRA)?

A. The farmer uses a smaller portion of the farm for a residence.
B. The farmer sells the farm to a relative.
C. The farm is sold to a corporation and the HST is included in the selling price.
D. The farm has been used for personal use.

Answer: D

NEW QUESTION # 61
A buyer client is interested in purchasing an industrial property for their manufacturing business. The buyer's salesperson informs them of the building criteria, along with the minimum requirements for clear height and clear span that would be suitable for the buyer's business. What should the salesperson explain to the buyer regarding clear span?

A. The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the lowest ceiling or roof component.
B. The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the highest point of the ceiling or roof component.
C. The salesperson should explain that clear span refers to the total amount of floor area in the space, including the space that is occupied between columns and walls.
D. The salesperson should explain that clear span refers to the amount of floor area that is clear of interference from columns and walls.

Answer: D

NEW QUESTION # 62
......

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