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Only need to practice for 20 to 30 hours

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Humber College Exam 4: Invigilated Theory Sample Questions:

1. A salesperson is representing a tenant client who is opening a new pet food store in a local strip plaza. The salesperson meets with their tenant to discuss display signage and review the guidelines in their commercial lease agreement. Which statement is NOT accurate regarding the commercial lease agreement's signage clause?

A) The tenant's signage shall be immediately removed at the end of their lease term(s) at the tenant's expense.
B) The tenant's signage must be approved by the municipality and the landlord, and all associated costs shall be paid by the landlord.
C) The tenant's signage, from approvals to installation and ongoing maintenance, shall be at thetenant's own expense.
D) The tenant's signage is considered a trade fixture and shall remain the tenant's property.

2. A salesperson discusses with a buyer the potential advantages of purchasing brownfields for redevelopment.
What is NOT an advantage for the buyer of a brownfield property?

A) An owner who rehabilitates a brownfield property can receive tax incentives.
B) The contaminants in brownfields contain precious metals that can be sold to earn additional income.
C) Brownfield properties can often be purchased at well below their potential market value.
D) Brownfield properties typically have the advantage of existing infrastructure such as roads, utilities, water/sewer servicing, schools, and transit facilities.

3. A tenant has an established business with good growth potential for the foreseeable future and wants to rent a retail property for expansion. If the landlord wants to have the opportunity to boost the rent when the tenant's sales are good, which type of lease would you recommend to the landlord?

A) Net lease
B) Percentage lease
C) Gross lease
D) Triple net lease

4. All of the following aspects of a commercial property may affect its eligibility for Leadership in Energy and Environmental Design (LEED) certification, EXCEPT:

A) Vacancy rate
B) Sustainability
C) Innovative elements
D) Energy efficiency

5. Utility requirements are different for retail, office, and industrial properties, and a salesperson should understand the utility needs of each client. Which of the following items is NOT required bya typical occupant of a retail space?

A) Sufficient lighting
B) A stable internet connection
C) A proper ventilation system
D) A high voltage and ampere supply

Solutions: