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Humber College PREX-1060A - Exam 4: Invigilated Theory Exam

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Total 120 questions

Finish the sentence: The Employment Standards Act:

A.

Specifies the terms of a business partnership agreement.

B.

Regulates matters involving ownership of a business.

C.

Regulates trade names.

D.

Protects the rights of workers of a business that is being sold.

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 amount of floor area that is clear of interference from columns and walls.

B.

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.

C.

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.

D.

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.

A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:

A.

There may be minimum width and depth requirements for parking spaces.

B.

Parking may be impacted by zoning requirements.

C.

Parking may be impacted by the municipality’s parking bylaw.

D.

Required parking for persons with disabilities is usually fixed as a ratio based on the number of disabled persons in the community.

If a retail unit has a usable area of 3,482 sq. ft. with a conversion rate of 1.1235, what would the tenant's rentable area be?

A.

The retail tenant's rentable area would be 3,482 sq. ft.

B.

The retail tenant's rentable area would be 3,073 sq.ft.

C.

The retail tenant's rentable area would be 3,912 sq.ft.

D.

The retail tenant's rentable area would be 3,605 sq. ft.

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 a property inspection that is 30 business days in length.

B.

A conditional time period for obtaining an approval for a zoning change that is seven business days in length.

C.

A conditional time period for verifying the existence of services such as sewage, water, and electricity that is 30 days in length.

D.

A conditional time period for verifying the soil condition or type that is five days in length.

Which of the following is a characteristic of main street retail?

A.

Comprises a blend of old and new stores

B.

Must be located in a small, older community

C.

Consists of newer, free-standing buildings only

D.

Structure size typically ranges from 100,000 to 130,000 square feet