最新のPREX-1060A問題集で試験を準備する

Humber College PREX-1060A 試験概要:

Humber College PREX-1060A 試験シラバストピック:

Humber College Exam 4: Invigilated Theory 認定 PREX-1060A 試験問題：

1. An agreement of purchase and sale for an industrial building is accepted conditional on financing with the expiry date of May 14. On May 11, the bank informs the buyer the mortgage cannot be approved until May
17. The salesperson for the buyer then prepares an amendment to the agreement of purchase and sale for the extension of the condition. Which of the following is NOT correct?

A) The buyer can use the same amendment to ask for a change of the closing date.
B) The buyer can still waive the condition before the expiry date if the seller refuses to sign the amendment, provided there is a waiver provision in the condition.
C) To play it safe, the salesperson should amend the condition with May 18 as the expiry date.
D) The salesperson should prepare the amendment with midnight, May 17 as the irrevocable time.

2. 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 rental income in the event of a fire, for the period the premises is vacant while repairs are made.
B) 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.
C) 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.
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.

3. A buyer has just been approved for a commercial mortgage to purchase a retail strip plaza. They meet with their salesperson to review the mortgage documents. The buyer expresses concern about possible late payments. Which of the following is an accurate statement about provisions in the commercial mortgage documents regarding late payments?

A) Penalties for late payments will be added to the monthly rent.
B) The options for late payments are the same for every lender.
C) There are no penalties for late payments in a commercial mortgage.
D) Each lender has their own method for dealing with late payments.

4. What should a salesperson do if they are unable to secure documentation to verify the usable and rentable areas of a property?

A) Use the R/U factor to calculate the figures
B) Use a laser measuring tool to take the measurements and use the R/U factor to calculate the figures
C) Recommend that the landlord obtain the professional services of a measuring company to obtain the figures
D) Use a laser measuring tool to take the measurements

5. A salesperson is assisting both the tenant and the landlord in a commercial property rentaltransaction. Which of the following statements about calculating the remuneration for this transaction is correct?

A) Remuneration can be calculated based on the difference between the listing price and the actual rental price.
B) Salespersons are prohibited from indicating directly that remuneration is fixed by any association but can indicate it indirectly.
C) Remuneration can be an agreed amount or a percentage of the rental price, but not a combination of both.
D) The tenant may be required to pay the deficiency between the contracted amount in the tenant representation agreement and the amount actually paid by the landlord.

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