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Humber College PREX-1060A Free Vce Dumps | New PREX-1060A Test Format

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q30-Q35):

NEW QUESTION # 30
A buyer wants to purchase an industrial property for its international logistics and distribution center.
Currently, the building is used by a local courier company with small delivery trucks and vans. When drafting an offer to purchase this property, which of the following should be added regarding this change of use?

A. A clause to check the condition of the trucks and vans
B. A clause to obtain the necessary mortgage amount
C. A clause to ensure the truck parking spaces and turning radius are sufficient
D. A clause to test the quality of the underground water source

Answer: C

NEW QUESTION # 31
Which of the following is a risk associated with investing in commercial real estate?

A. The insufficiency of cash flow during the holding period
B. The fact that rent, leased space, and building size are fixed
C. The relative lack of capital growth during the holdover period
D. The relative lack of liquidity

Answer: D

NEW QUESTION # 32
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?

A. Acknowledgment
B. Mutual release
C. Waiver
D. Notice of fulfillment

Answer: C

NEW QUESTION # 33
A landlord and a tenant have signed an agreement to lease an office space. Prior to the transaction closing, an unforeseeable event occurs that is not the fault of either party. Which statement about the return of the tenant's deposit is NOT correct?

A. The tenant can have the deposit back without signing a mutual release as it is not their fault.
B. The parties may need to obtain a court order that clarifies how the deposit will be returned and distributed.
C. The landlord and tenant may agree to split the deposit.
D. The agreement may contain a clause forfeiting all of the deposit if the landlord has started work on the premises.

Answer: A

NEW QUESTION # 34
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 existing building no longer provides the highest and best use of the site.
C. The cost of relocating is low.
D. A redevelopment will seriously disrupt the current operation.

Answer: B

NEW QUESTION # 35
......

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