Try Humber College : PREX-1060A practice torrent pass for sure

Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

1. A salesperson negotiates the purchase of a retail property for their client, who plans to open a new store at this location. The client asks the salesperson how many parking spots the property will be required to have to meet the zoning requirements. The salesperson replies that the municipality has zoning requirements that set the minimum parking ratio. How will the municipality calculate the parking ratio?

A) The municipality will take the number of available parking spaces and divide it by the property's net leasable area.
B) The municipality will take the number of available parking spaces and divide it by the projected number of monthly visitors.
C) The municipality will take the property's gross leasable area and divide it by the number of available parking spaces.
D) The municipality will take the number of available parking spaces and divide it by the property's gross leasable area.

2. Finish the sentence: The Employment Standards Act:

A) Protects the rights of workers of a business that is being sold.
B) Regulates matters involving ownership of a business.
C) Regulates trade names.
D) Specifies the terms of a business partnership agreement.

3. If a property in Ontario is assessed and valued as farmland by the Municipal Property Assessment Corporation (MPAC), the farmer could receive a 75% tax reduction for municipal taxes if certain conditions are met. Which of the following describes a condition that must be met?

A) They submit the appropriate application semi-annually.
B) They are Canadian citizens or permanent residents of Canada.
C) They have a valid harmonized sales tax (HST) registration number under the Excise Tax Act.
D) They carry on a farming business generating a net profit of $100,000.

4. 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?

A) The landlord must address their tenants' issues in a timely manner in general but more so when the issue can result in serious and costly consequences.
B) Tenants are obligated to ensure they have adequate tenant insurance for their property.
C) Not all commercial leases require the landlord to perform repairs and maintenance.
D) All commercial leases require that tenants keep everything in and about the property, including all points of entry and exit, in good repair at all times.

5. A tenant is interested in leasing a property; however, the tenant would like to make improvements to the property. Which of the following statements about tenant improvements is correct?

A) The landlord may offer a "tenant improvement allowance" which provides funds to cover thecosts of tenant improvements.
B) Unless indicated in the lease agreement, improvements attached to the leased building generally become the tenant's property upon vacating the premises.
C) In a lease agreement, the tenant provides a list of improvements to the landlord and the landlord always pays for these improvements.
D) The tenant takes the premises in an "as is" condition and can complete whatever improvements they wish without landlord approval.

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