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Humber College Exam 4: Invigilated Theory Sample Questions:

1. Salespersons are required to verify, wherever they can, information provided by landlords, such as zoning details and permitted uses. A salesperson is helping a major landlord to lease out a big retail mall that involves complex matters. Which of the following does NOT need third-party professional advice?

A) The total remuneration payable for a 20-year lease
B) The number of sprinklers required in every unit
C) The total area measurements
D) The maximum floor load of every unit

2. 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 amount of floor area that is clear of interference from 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 lowest ceiling or roof component.
C) 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.
D) 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.

3. Which of the following statements regarding heavy industrial use and light industrial use is correct?

A) Heavy industrial use usually results in less traffic in and out of the heavy industrial zone.
B) Light industrial use usually results in more noise and heavier traffic.
C) Heavy industrial use can produce more pollution than other commercial activities.
D) Clay production is an example of light industrial use.

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

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

5. A brokerage negotiates the sale of a business on behalf of a seller. Which of the following documents must the brokerage provide to the buyer?

A) A profit and loss statement for the real estate brokerage for the preceding 12 months
B) A list of chattels excluded in the sale
C) A list of fixtures included in the sale
D) A statement of the assets and liabilities of the brokerage

Solutions:

Question # 1 Answer: A

Question # 2 Answer: A

Question # 3 Answer: C

Question # 4 Answer: B

Question # 5 Answer: C