Humber College Exam 4: Invigilated Theory : PREX-1060A exam

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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

1. A new commercial condominium project is completed, and the buyers are given an occupancy date. On the occupancy date, a few of the buyers move into their units and begin setting up their operations. That evening, there is a severe thunderstorm. In the morning, several of the buyers start to notice roof leaks. Some of the buyers call the builder's office while others call their salespersons.Which of the following is an accurate statement regarding the building's warranty coverage?

A) The buyers should draft a list of all their concerns and submit them to the municipality for appropriate coverage.
B) The buyers should submit their concerns to the provincial warranty authority, as they are entitled to one- year warranty coverage from the occupancy date.
C) If the builder does not address this issue, the buyers can file a complaint with the provincial warranty authority for any outstanding work the builder did not complete.
D) There is no provincial warranty coverage for commercial condominiums, but the buyers can inquire with the builder about any warranties that they may offer.

2. Finish the sentence: The Employment Standards Act:

A) Regulates trade names.
B) Regulates matters involving ownership of a business.
C) Protects the rights of workers of a business that is being sold.
D) Specifies the terms of a business partnership agreement.

3. A seller client wants to know the actual size of their unit to avoid any discrepancies. How should the salesperson assist the client?

A) Use a laser measuring device to take the measurements.
B) Add a disclaimer to protect the seller from any discrepancy.
C) Tell the seller the usable size is 80 percent of the rentable size.
D) Recommend the services of third-party professionals to measure it.

4. A salesperson has a buyer client in the metal fabrication industry, which requires outdoor storage and involves substantial noise and smells. The salesperson sees a listing that says "24,000-square-foot light industrial property, multi-uses permitted." Is this a suitable property for their client? Why or why not?

A) Yes, the property is suitable, as the listing says the property is light industrial and multi-uses are permitted.
B) Yes, the property is suitable since the client is already in the metal fabrication business, and does not need to get any permits from the municipality prior to moving in and using the property.
C) No, the property is not suitable, as the client's business type and classification require heavy industrial zoning.
D) Yes, the property will be suitable if the client states they will change the zoning to allow their type and classification of business to operate at this location.

5. Which of the following statements regarding Building Owners and Managers Association (BOMA) standards is correct?

A) The BOMA standards provide methods of measuring office buildings only.
B) The BOMA standards provide methods of measuring industrial buildings only.
C) The BOMA standards provide procedures to measure rentable areas only.
D) The BOMA standards are complex.

Solutions: