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Humber College Exam 4: Invigilated Theory Sample Questions:

1. A salesperson representing a client who is selling an office property has received some documents from the seller and is trying to organize them. Which of the following documents is NOT needed by the salesperson or seller when selling the property?

A) Environmental site assessments
B) Private mortgage form
C) Income verification documents
D) Telephone bills

2. Land developers purchase land for commercial, industrial, and residential projects. Tracts of land larger than five acres but smaller than 10 acres may appeal to land developers for various reasons. Which of the following is one of the reasons?

A) They can be used for newly planned subdivisions.
B) They are normally less expensive than pieces of land smaller than two acres in the same neighborhood.
C) The developer cannot find a building lot to build a detached home.
D) They are a good size for modern 18-hole golf courses.

3. Which of the following statements about industrial building components is correct?

A) Floor load refers to the weight of the building during construction.
B) Flat roofs are designed to be flat to hold water.
C) Bay depth is an important consideration when determining the layout of an industrial process.
D) Loading docks are only used to off-load products or raw materials.

4. A seller client wants to know the actual size of their unit to avoid any discrepancies. How should the salesperson assist the client?

A) Use a laser measuring device to take the measurements.
B) Recommend the services of third-party professionals to measure it.
C) Tell the seller the usable size is 80 percent of the rentable size.
D) Add a disclaimer to protect the seller from any discrepancy.

5. Which of the following is a reason why an owner might consider redeveloping an industrial property?

A) A similar building can be bought at a low price.
B) The existing building no longer provides the highest and best use of the site.
C) The cost of relocating is low.
D) A redevelopment will seriously disrupt the current operation.

Solutions: