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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

1. Established under the Farming and Food Production Protection Act, the Normal Farm PracticesBoard is composed of members appointed by the Minister of Agriculture, Food and Rural Affairs. Which statement is NOT accurate with regard to the Normal Farm Practices Board?

A) The Board can conduct hearings that are heard by a minimum of five board members.
B) The Board can order farmers to cease practices that cause disturbances if they are not considered to be normal farm practices.
C) The Board can dismiss complaints if the disturbances are the result of normal farm practices.
D) The Board can order farmers to modify practices for consistency with normal farm practices.

2. Which statement about an Environmental Site Assessment (ESA) is NOT correct?

A) An ESA is not required if the buyer is purchasing the industrial property for their own use.
B) The Environmental Protection Act establishes the procedures and requirements for the first two phases of an ESA.
C) No stipulations exist for the third and final phase of an ESA due to its vast and complex nature.
D) All new commercial properties must undergo an ESA before construction begins.

3. Which of the following is NOT determined by zoning bylaws?

A) Lot dimensions and parking requirements
B) The amount of rent a building may generate
C) The types of buildings that are permitted in a location, their height, and how they may be used
D) Where buildings and other structures may be located

4. In regard to equipment at an industrial property that is being shown for sale, a salesperson representing a buyer should do all of the following, EXCEPT:

A) Ensure chattels or fixtures are not included in the sale or negotiated for in the agreement.
B) Ensure they are informed as to whether the equipment shown will be relevant for the buyer's intended use.
C) Obtain clarification as to which equipment seen during the showing will be included in the purchase price of the property.
D) Contact the seller's representative prior to the showing to gain awareness of safety and compliance requirements.

5. A salesperson is drafting an offer and discussing with the buyer the steps required for due diligencewhen purchasing a commercial condominium unit. All of the steps below are included in due diligence, EXCEPT:

A) Gather, organize, and verify all pertinent information
B) Create a business plan
C) Estimate time frames required for due diligence and other offer conditions
D) Identify third-party professionals

Solutions: