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Humber College Exam 4: Invigilated Theory Sample Questions:

1. Which of the following is NOT relevant information a salesperson must verify when representing a landlord who is planning to lease their industrial property?

A) The salesperson must verify whether the tenant's intended use for the industrial property is permitted under the zoning bylaw.
B) The salesperson must verify the zoning information for the industrial property.
C) The salesperson must verify the rates and terms of lease for the property.
D) The salesperson must verify the previous tenant's lease rates and terms.

2. A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:

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

3. A salesperson is representing a buyer client in the purchase of a fully tenanted mixed-use building. The agreement of purchase and sale will be in the name of a corporation owned by the buyer and several other shareholders. Which of the following statements is correct regarding the signing of this agreement of purchase and sale?

A) The general partner of the company must sign and date below the printed name of the limited company.
B) An authorized signing officer of the company must sign and date over the words: "I haveauthority to bind the corporation" and below the printed registered name.
C) A major shareholder of the company must sign and date over their printed name.
D) The buyer must sign and date below the printed name of the corporation.

4. Examples of properties which would warrant a Phase 2 environmental assessment may include heavy industrial sites. Which of the following is NOT an example of a heavy industrial use?

A) Power stations
B) Chemical manufacturers
C) Petroleum storage and distribution sites
D) Computer training institute

5. 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 unobstructed vertical distance from the floor to the bottom of the lowest ceiling or roof component.
B) 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.
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 amount of floor area that is clear of interference from columns and walls.

Solutions: