LATEST PREX-1060A EXAM PASS4SURE & RELIABLE PREX-1060A EXAM REGISTRATION

Latest PREX-1060A Exam Pass4sure & Reliable PREX-1060A Exam Registration

Latest PREX-1060A Exam Pass4sure & Reliable PREX-1060A Exam Registration

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q40-Q45):

NEW QUESTION # 40
Which of the following statements regarding Building Owners and Managers Association (BOMA) standards is correct?

  • A. The BOMA standards provide methods of measuring industrial buildings only.
  • B. The BOMA standards are complex.
  • C. The BOMA standards provide procedures to measure rentable areas only.
  • D. The BOMA standards provide methods of measuring office buildings only.

Answer: D


NEW QUESTION # 41
Issues that occurred prior to the closing of a transaction may be uncovered by title and non-title searches during due diligence. Which of the following is a non-title search concern?

  • A. Liens and encumbrances that are registered against the property
  • B. A registered right of way that blocks the buyer's intended use of the property
  • C. The property's use doesn't comply with municipal zoning bylaws
  • D. The seller is not entitled to transfer title to the property for some reason

Answer: C


NEW QUESTION # 42
Utility requirements are different for retail, office, and industrial properties, and a salesperson should understand the utility needs of each client. Which of the following items is NOT required bya typical occupant of a retail space?

  • A. Sufficient lighting
  • B. A stable internet connection
  • C. A proper ventilation system
  • D. A high voltage and ampere supply

Answer: D


NEW QUESTION # 43
Which of the following accurately describes a landlord's commercial property insurance coverage?

  • A. A landlord's commercial property insurance policy should cover the loss of the tenant's assets and income due to business interruption as the result of a fire or flood.
  • B. A landlord's commercial property insurance policy should cover the loss of rental income in the event of a fire, for the period the premises is vacant while repairs are made.
  • C. A landlord's commercial property insurance policy should cover the loss of the property's equity due to a change in market conditions or to a recession.
  • D. A landlord's commercial property insurance policy should cover the loss of the tenant's assets due to theft from their employees or third parties.

Answer: B


NEW QUESTION # 44
A buyer is in the process of closing a transaction when a tornado causes damage to the property. The necessary repairs may extend past the closing date. Which of the following may be used to resolve this problem?

  • A. Change the completion date by using a waiver.
  • B. Change the completion date by using an amendment to the agreement of purchase and sale.
  • C. A change is not necessary because the damage is out of the control of the buyer or the seller.
  • D. Change the completion date by using a notice of fulfillment.

Answer: B


NEW QUESTION # 45
......

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