Free Humber College PREX-1060A Exam Questions
Absolute Free PREX-1060A Exam Practice for Comprehensive Preparation
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Humber College PREX-1060A Exam Questions
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Provided By: Humber College
- Exam: Exam 4: Invigilated Theory Exam
- Certification: RESP Pre-Registration Phase
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Total Questions: 122
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Updated On: Jan 10, 2025
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Rated: 4.9 |
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Online Users: 244
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Question 1
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A salesperson sells an office building using the Commercial Agreement of Purchase and Sale along with aschedule that lists all the fixtures, chattels, and rental items of the office building. After closing the real estatetransaction, a dispute arises between the seller and the buyer about which chattels, fixtures, and rental items ofthe office building were to be included and which were to be excluded. Which of the following is NOT anaccurate statement regarding the salesperson's actions related to negotiating chattels, fixtures, and rental items?
Answer: D
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A salesperson sells an office building using the Commercial Agreement of Purchase and Sale along with aschedule that lists all the fixtures, chattels, and rental items of the office building. After closing the real estatetransaction, a dispute arises between the seller and the buyer about which chattels, fixtures, and rental items ofthe office building were to be included and which were to be excluded. Which of the following is NOT anaccurate statement regarding the salesperson's actions related to negotiating chattels, fixtures, and rental items?
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Question 2
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A salesperson includes a well-drafted condition in an agreement of purchase and sale for their buyer client to
arrange a new first mortgage for an industrial property. The buyer later changes their mind and does not want
to borrow money for the purchase. What should the buyer's salesperson use to remove the condition?
Answer: D
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A salesperson includes a well-drafted condition in an agreement of purchase and sale for their buyer client to
arrange a new first mortgage for an industrial property. The buyer later changes their mind and does not want
to borrow money for the purchase. What should the buyer's salesperson use to remove the condition?
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Question 3
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A salesperson includes a well-drafted condition in an agreement of purchase and sale for their buyer client to
arrange a new first mortgage for an industrial property. The buyer later changes their mind and does not want
to borrow money for the purchase. What should the buyer's salesperson use to remove the condition?
Answer: D
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A salesperson includes a well-drafted condition in an agreement of purchase and sale for their buyer client to
arrange a new first mortgage for an industrial property. The buyer later changes their mind and does not want
to borrow money for the purchase. What should the buyer's salesperson use to remove the condition?
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Question 4
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Finish the sentence: The Employment Standards Act:
Answer: D
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Finish the sentence: The Employment Standards Act:
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Question 5
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Both the landlord and the tenant have responsibilities in the management of their relationship as per the
commercial lease agreement. Which of the following is NOT an accurate statement regarding the roles and
responsibilities of landlords and tenants as per the Commercial Agreement to Lease?
Answer: B
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Both the landlord and the tenant have responsibilities in the management of their relationship as per the
commercial lease agreement. Which of the following is NOT an accurate statement regarding the roles and
responsibilities of landlords and tenants as per the Commercial Agreement to Lease?