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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q80-Q85):

NEW QUESTION # 80
Which of the following is a reason why an owner might consider redeveloping an industrial property?

A. A similar building can be bought at a low price.
B. The cost of relocating is low.
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 # 81
A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:

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

Answer: B

NEW QUESTION # 82
A seller provides you with architectural drawings of their building. Which statement is NOT correct?

A. Architectural drawings are source documents.
B. A photocopy of a source document can be used to verify information.
C. Other types of source documents include surveys and tax records.
D. If changes are made to source documents, they are still valid if you have the original document.

Answer: D

NEW QUESTION # 83
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, from approvals to installation and ongoing maintenance, shall be at thetenant's own expense.
B. The tenant's signage shall be immediately removed at the end of their lease term(s) at the tenant's expense.
C. The tenant's signage is considered a trade fixture and shall remain the tenant's property.
D. The tenant's signage must be approved by the municipality and the landlord, and all associated costs shall be paid by the landlord.

Answer: D

NEW QUESTION # 84
Asset sale and share sale are two different ways to sell a business. Which statement describes an asset sale?

A. The buyer assumes all assets and accepts all liabilities of the business.
B. The buyer replaces the seller as the owner of the corporation.
C. The seller benefits from a tax standpoint since any gain to the seller on the sale will be considered under the capital gains tax exemption.
D. The buyer is eligible for tax deductions and benefits by claiming capital cost allowance on depreciable property.

Answer: D

NEW QUESTION # 85
......

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New PREX-1060A Exam Pdf - PREX-1060A New Dumps Files

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q80-Q85):

Humber College - PREX-1060A - Exam 4: Invigilated Theory Exam –Valid New Exam Pdf

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