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Updated: Aug 09, 2026

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Humber College PREX-1060A Exam Overview:

Certification Vendor:Humber College
Exam Name:Exam 4: Invigilated Theory Exam
Exam Number:PREX-1060A
Exam Format:Invigilated Theory Exam, Multiple Choice
Available Languages:English
Exam Duration:180 minutes
Related Certifications:Real Estate Salesperson Program
Sample Questions:Humber College PREX-1060A Sample Questions
Exam Way:Online remotely invigilated examination through the Meazure Learning platform.
Pre Condition:Completion of the required Humber Real Estate Program course prerequisites before scheduling the examination.
Official Syllabus URL:https://realestateprograms.humber.ca/search/publicCourseSearchDetails.do?courseId=17712&method=load

Humber College PREX-1060A Exam Syllabus Topics:

SectionObjectives
Commercial Property Transactions- Commercial Property Sales
  • 1. Due Diligence Procedures
  • 2. Property Valuation
  • 3. Commercial Agreements of Purchase and Sale
- Commercial Leasing
  • 1. Lease Structures
  • 2. Tenant Representation
  • 3. Management Fees
Financial Analysis- Commercial Financing
  • 1. Mortgage Terms and Conditions
  • 2. Commercial Mortgages
  • 3. Late Payment Provisions
- Business Financial Review
  • 1. Investment Performance Evaluation
  • 2. Audited and Unaudited Financial Statements
  • 3. Cash Flow Analysis
Commercial Property Types- Industrial Properties
  • 1. Industrial Site Evaluation
  • 2. Light Industrial Uses
  • 3. Heavy Industrial Uses
- Retail and Office Properties
  • 1. Retail Condominiums
  • 2. Property Management Considerations
  • 3. Office Buildings
Property Development and Land Use- Taxation and Regulatory Considerations
  • 1. Municipal Compliance
  • 2. Property Tax Adjustments
  • 3. Assessment Issues
- Development Analysis
  • 1. Environmental Due Diligence
  • 2. Highest and Best Use
  • 3. Site Servicing Requirements

Humber College Exam 4: Invigilated Theory Sample Questions:

1. What should a salesperson do if they are unable to secure documentation to verify the usable and rentable areas of a property?

A) Use a laser measuring tool to take the measurements and use the R/U factor to calculate the figures
B) Use the R/U factor to calculate the figures
C) Use a laser measuring tool to take the measurements
D) Recommend that the landlord obtain the professional services of a measuring company to obtain the figures


2. A salesperson should know how to gather key information about a new commercial condominium, including the size of a unit. Which of the following sources of information should a salesperson rely on?

A) A sketch of the seller's floor layout
B) An opinion from the seller's lawyer
C) A surveyor's certificate for the unit
D) An opinion from the property manager


3. Location preferences and accessibility are important when matching a potential buyer client with an appropriate commercial property. Which of the following is NOT a location preference consideration?

A) Financial health of the company
B) Surrounding uses
C) Demographics
D) Traffic counts


4. Sometimes, transactions do not close. When a transaction won't be completed, what should a salesperson try to do as soon as possible?

A) Obtain the remuneration owed.
B) Terminate the transaction and disengage from it.
C) Conduct an analysis of why the transaction will not be carried out.
D) Pass the transaction to the broker of record so that the broker will take care of it.


5. There are three primary items that require attention when countering an offer from a seller. Which of the following items does NOT need to be checked?

A) The date of the agreement of purchase and sale
B) The irrevocability clause
C) The purchase price
D) The balance due clause


Solutions:

Question # 1
Answer: D
Question # 2
Answer: C
Question # 3
Answer: A
Question # 4
Answer: C
Question # 5
Answer: A

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