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Humber College Exam 4: Invigilated Theory Sample Questions:

1. A salesperson is representing a commercial tenant client who is interested in leasing a property for their business. The salesperson and their client are inspecting a property that includes a few accessory buildings.
This is ideal for the tenant, as the accessory buildings can serve as storage for their business. The tenant asks their salesperson to find out the measurements of the accessory buildings. Why is it important for the tenant to know the total area of the accessory buildings included on the property?

A) It is important for the tenant to know the total area of the accessory buildings as it will contribute to their rentable area.
B) It is important for the tenant to know the total area of the accessory buildings as they will have to share the use of them with other tenants.
C) It is important for the tenant to know the total area of the accessory buildings as it will be deducted from their rentable area.
D) It is important for the tenant to know the total area of the accessory buildings as it will be considered within the tenant's usable area.

2. Many industrial users install one or more cranes on their properties to move heavy items. Which type of industrial crane has an arm attached at an angle to a rotating mast that permits 360-degree swiveling around that mast?

A) Gantry crane
B) Jib crane
C) Overhead crane
D) Bridge crane

3. A buyer client is interested in purchasing an industrial property for their manufacturing business. The buyer's salesperson informs them of the building criteria, along with the minimum requirements for clear height and clear span that would be suitable for the buyer's business. What should the salesperson explain to the buyer regarding clear span?

A) The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the lowest ceiling or roof component.
B) The salesperson should explain that clear span refers to the amount of floor area that is clear of interference from columns and walls.
C) The salesperson should explain that clear span refers to the total amount of floor area in the space, including the space that is occupied between columns and walls.
D) The salesperson should explain that clear span refers to the unobstructed vertical distance from the floor to the bottom of the highest point of the ceiling or roof component.

4. Salespersons are required to verify, wherever they can, information provided by landlords, such as zoning details and permitted uses. A salesperson is helping a major landlord to lease out a big retail mall that involves complex matters. Which of the following does NOT need third-party professional advice?

A) The total area measurements
B) The maximum floor load of every unit
C) The total remuneration payable for a 20-year lease
D) The number of sprinklers required in every unit

5. A salesperson is drafting an offer for a vacant industrial site prime for development on behalf of their buyer client. The salesperson has included all proper conditions to protect the buyer, along with sufficient time periods to undertake the due diligence. Which of the following would be an appropriate conditional time period based on the corresponding condition?

A) A conditional time period for verifying the soil condition or type that is five days in length.
B) A conditional time period for a property inspection that is 30 business days in length.
C) A conditional time period for obtaining an approval for a zoning change that is seven business days in length.
D) A conditional time period for verifying the existence of services such as sewage, water, and electricity that is 30 days in length.

Solutions: