Humber College Exam 4: Invigilated Theory - PREX-1060A Exam Questions [2026]

QUESTION NO: 1
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. If changes are made to source documents, they are still valid if you have the original document. D. Other types of source documents include surveys and tax records.

Correct Answer: C

QUESTION NO: 2
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 parties may need to obtain a court order that clarifies how the deposit will be returned and distributed. B. The landlord and tenant may agree to split the deposit. C. The agreement may contain a clause forfeiting all of the deposit if the landlord has started work on the premises. D. The tenant can have the deposit back without signing a mutual release as it is not their fault.

Correct Answer: D

QUESTION NO: 3
Obtaining the size and boundaries of a commercial condominium unit is an important task for a salesperson.
Which of the following statements regarding this task is NOT correct?

A. The original plans should be used to determine the size of a unit. B. An Ontario Land Surveyor can be hired to measure the space. C. An architect can be hired to measure the space. D. Space should be measured in accordance with BOMA standards.

Correct Answer: A

QUESTION NO: 4
Many industrial users install one or more cranes on their properties to move heavy items. Which type of industrial crane has an arm attached at an angle to a rotating mast that permits 360-degree swiveling around that mast?

A. Overhead crane B. Gantry crane C. Jib crane D. Bridge crane

Correct Answer: C

QUESTION NO: 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 procedures to measure rentable areas only. C. The BOMA standards are complex. D. The BOMA standards provide methods of measuring industrial buildings only.

Correct Answer: A

QUESTION NO: 6
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 total amount of floor area in the space, including the space that is occupied between columns and walls. 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 amount of floor area that is clear of interference from columns and walls. D. 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.

Correct Answer: C

QUESTION NO: 7
While preparing to list a vacant retail site that allows new auto sales, the salesperson sees that there is an auto repair garage business next door with old and rusting metal storage tanks at the side of their building. Which of the following is the correct action for the salesperson to take?

A. The salesperson should attempt to identify signs of contamination on the property and recommend an appropriate third-party expert to the seller client. B. The salesperson should ask the owner of the garage for more information and what course of action they recommend to assist a future purchaser of the site. C. The salesperson should ask the owner of the garage whether they have thought about selling their property at this time. D. The salesperson should include the information in the marketing material as it would be beneficial for an auto sales business to have a garage located nearby.

Correct Answer: A

QUESTION NO: 8
A tenant is interested in leasing a property; however, the tenant would like to make improvements to the property. Which of the following statements about tenant improvements is correct?

A. Unless indicated in the lease agreement, improvements attached to the leased building generally become the tenant's property upon vacating the premises. B. The tenant takes the premises in an "as is" condition and can complete whatever improvements they wish without landlord approval. C. In a lease agreement, the tenant provides a list of improvements to the landlord and the landlord always pays for these improvements. D. The landlord may offer a "tenant improvement allowance" which provides funds to cover thecosts of tenant improvements.

Correct Answer: D

QUESTION NO: 9
A salesperson discusses with a buyer the potential advantages of purchasing brownfields for redevelopment.
What is NOT an advantage for the buyer of a brownfield property?

A. Brownfield properties can often be purchased at well below their potential market value. B. An owner who rehabilitates a brownfield property can receive tax incentives. C. The contaminants in brownfields contain precious metals that can be sold to earn additional income. D. Brownfield properties typically have the advantage of existing infrastructure such as roads, utilities, water/sewer servicing, schools, and transit facilities.

Correct Answer: C