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1. An office building is being sold. The agreement of purchase and sale includes multiple conditions that protect the buyer. Each condition has a different expiry date, and they will be fulfilled and completed at different times. The conditions do not have waiver provisions. In this situation, all conditions can be removed by:

A) Serving separate waivers
B) Serving one waiver
C) Serving one notice of fulfillment
D) Serving separate notices of fulfillment

2. Which of the following statements about economic development offices is NOT correct?

A) Economic development offices can provide you with real property information regarding tax assessments and how to appeal your real estate taxes.
B) Economic development offices provide background information on local, provincial, and federal research and development incentives.
C) Economic development offices have important resources for those seeking suitable commercial sites for business operations.
D) Economic development offices can help guide development applications through municipal processes and streamline the approvals process for companies unfamiliar with regulatory requirements.

3. A salesperson should know how to gather key information about a new commercial condominium, including the size of a unit. Which of the following sources of information should a salesperson rely on?

A) A sketch of the seller's floor layout
B) An opinion from the seller's lawyer
C) A surveyor's certificate for the unit
D) An opinion from the property manager

4. In regard to the adjusted book value/asset valuation method of valuing a business, which of the following is correct?

A) The adjusted book value method takes goodwill into account when establishing the value of a business.
B) A company's adjusted book value should be equal to the actual market value of the business.
C) A company's adjusted book value is entirely unrelated to its net worth.
D) The adjusted book value method should not be used when the sale of a business is being implemented or is under consideration.

5. 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?

A) Notice of fulfillment
B) Acknowledgment
C) Mutual release
D) Waiver

問題與答案：