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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q30-Q35):

NEW QUESTION # 30
A salesperson is searching for properties on behalf of their retail buyer client for their designer eyewear and optical store. The buyer discusses their storage and product display needs with the salesperson. Which of the following is NOT a factor the buyer should consider regarding the product display and storage space of potential properties?

A. The salesperson should advise the buyer to consider the space they will need to allot for storage versus customer-facing product.
B. The salesperson should advise the buyer to consider the size of their products.
C. The salesperson should advise the buyer to consider their business's predicted monthly inventory.
D. The salesperson should advise the buyer to consider the price of their products.

Answer: D

NEW QUESTION # 31
A salesperson has several obligations to the buyer when assisting them in the purchase of a commercial condominium unit for their own use. Which of the following is one of those obligations?

A. Advise the buyer to commission a Phase 3 Environmental Site Assessment in addition to their inspection
B. Review all documentation and advise the buyer regarding the financial status of the condominium corporation, including the reserve fund
C. Ensure the buyer had the opportunity to fully inspect the financial statements of both the condominium and the seller's business
D. Confirm the buyer's intended use adheres to all municipal zoning requirements

Answer: D

NEW QUESTION # 32
A tenant is renting 4,000 square feet of space in a commercial shopping center under a net lease. The base rent is $20 per square foot per annum, and there is a percentage rent of 5% of gross sales over the base rent. The tenant has annual gross sales of $1,000,000. The annual expenses are $10 per square foot. How much annual base rent does the tenant have to pay?

A. $80,000
B. $60,000
C. $120,000
D. $130,000

Answer: A

NEW QUESTION # 33
In regard to equipment at an industrial property that is being shown for sale, a salesperson representing a buyer should do all of the following, EXCEPT:

A. Ensure they are informed as to whether the equipment shown will be relevant for the buyer's intended use.
B. Obtain clarification as to which equipment seen during the showing will be included in the purchase price of the property.
C. Ensure chattels or fixtures are not included in the sale or negotiated for in the agreement.
D. Contact the seller's representative prior to the showing to gain awareness of safety and compliance requirements.

Answer: C

NEW QUESTION # 34
A buyer client is discussing zoning bylaws of the municipality in relation to an industrial development site with their salesperson. Which of the following is NOT a correct statement with respect to zoning bylaws?

A. New commercial construction and redevelopment must comply with zoning bylaws.
B. Municipalities have zoning bylaws that divide the city into different land uses or zones.
C. Municipal zoning bylaws overrule all other laws with respect to land uses and issuance ofbuilding permits in Ontario.
D. Zoning bylaws specify the permitted land uses throughout a municipality.

Answer: C

NEW QUESTION # 35
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