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Humber College Exam 4: Invigilated Theory Sample Questions:

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

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

3. A salesperson is drafting an offer for a vacant industrial site prime for development on behalf of their buyer client. The salesperson has included all proper conditions to protect the buyer, along with sufficient time periods to undertake the due diligence. Which of the following would be an appropriate conditional time period based on the corresponding condition?

A) A conditional time period for verifying the existence of services such as sewage, water, and electricity that is 30 days in length.
B) A conditional time period for verifying the soil condition or type that is five days in length.
C) A conditional time period for obtaining an approval for a zoning change that is seven business days in length.
D) A conditional time period for a property inspection that is 30 business days in length.

4. The balance sheet of a business helps investors understand its stability and assess financial risk. A balance sheet includes details about all of the following, EXCEPT:

A) Liabilities
B) Net operating income
C) Shareholder's equity
D) Assets

5. Which of the following is a characteristic of main street retail?

A) Comprises a blend of old and new stores
B) Must be located in a small, older community
C) Consists of newer, free-standing buildings only
D) Structure size typically ranges from 100,000 to 130,000 square feet

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