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Updated: Aug 09, 2026
No. of Questions: 108 Questions & Answers with Testing Engine
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| 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 |
| Section | Objectives |
|---|---|
| Commercial Property Transactions | - Commercial Property Sales
|
| Financial Analysis | - Commercial Financing
|
| Commercial Property Types | - Industrial Properties
|
| Property Development and Land Use | - Taxation and Regulatory Considerations
|
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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