Free Humber College PREX-1060A Exam Questions

Absolute Free PREX-1060A Exam Practice for Comprehensive Preparation 

  • Humber College PREX-1060A Exam Questions
  • Provided By: Humber College
  • Exam: Exam 4: Invigilated Theory Exam
  • Certification: RESP Pre-Registration Phase
  • Total Questions: 122
  • Updated On: Apr 02, 2026
  • Rated: 4.9 |
  • Online Users: 244
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  • Question 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?


      Answer: A
  • Question 2
    • Which of the following is most likely to be a factor in an appraisal for an industrial property? 

      Answer: D
  • Question 3
    • Both the landlord and the tenant have responsibilities in the management of their relationship as per the commercial lease agreement. Which of the following is NOT an accurate statement regarding the roles and responsibilities of landlords and tenants as per the Commercial Agreement to Lease? 


      Answer: B
  • Question 4
    • 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?


      Answer: D
  • Question 5
    • A buyer client is discussing zoning bylaws of the municipality in relation to an industrial development site with their salesperson. Which of the following is NOT a correct statement with respect to zoning bylaws?


      Answer: B
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