Humber College certkiller resp Pre-registration Phase Prex-1060a Syllabus Exam Questions Answers by Hassan q60 vce pdf

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Exam Name:	Exam 4: Invigilated Theory Exam
Exam Code:	PREX-1060A Dumps
Vendor:	Humber College	Certification:	RESP Pre-Registration Phase
Questions:	120 Q&A's	Shared By:	hassan

Question 12

While preparing to list a vacant retail site that allows new auto sales, the salesperson sees that there is an auto repair garage business next door with old and rusting metal storage tanks at the side of their building. Which of the following is the correct action for the salesperson to take?

Options:

The salesperson should attempt to identify signs of contamination on the property and recommend an appropriate third-party expert to the seller client.

The salesperson should include the information in the marketing material as it would be beneficial for an auto sales business to have a garage located nearby.

The salesperson should ask the owner of the garage for more information and what course of action they recommend to assist a future purchaser of the site.

The salesperson should ask the owner of the garage whether they have thought about selling their property at this time.

Discussion

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Question 13

A buyer should consider the record of site condition (RSC) document when purchasing a commercial property. Which of the following statements regarding an RSC is correct?

Options:

Requesting an RSC is mandatory in all real estate transactions.

It is not a material fact; thus, it is a formality for the buyer to get it.

With other documents, it will inform the buyer of any legal issues attached to the title.

It contains records pertaining to a property's financial condition.

Discussion

Question 14

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

Options:

The salesperson must verify the zoning information for the industrial property.

The salesperson must verify the previous tenant's lease rates and terms.

The salesperson must verify whether the tenant's intended use for the industrial property is permitted under the zoning bylaw.

The salesperson must verify the rates and terms of lease for the property.

Discussion

Question 15

Land developers purchase land for commercial, industrial, and residential projects. Tracts of land larger than five acres but smaller than 10 acres may appeal to land developers for various reasons. Which of the following is one of the reasons?

Options:

They are a good size for modern 18-hole golf courses.

They can be used for newly planned subdivisions.

They are normally less expensive than pieces of land smaller than two acres in the same neighborhood.

The developer cannot find a building lot to build a detached home.

Discussion

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