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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q11-Q16):

NEW QUESTION # 11
A landlord and a tenant have signed an agreement to lease an office space. Prior to the transaction closing, an unforeseeable event occurs that is not the fault of either party. Which statement about the return of the tenant's deposit is NOT correct?

A. The landlord and tenant may agree to split the deposit.
B. The tenant can have the deposit back without signing a mutual release as it is not their fault.
C. The parties may need to obtain a court order that clarifies how the deposit will be returned and distributed.
D. The agreement may contain a clause forfeiting all of the deposit if the landlord has started work on the premises.

Answer: B

NEW QUESTION # 12
A buyer is interested in constructing a retail building and wants to use the most efficient method to save time and money. Which statement is true with regard to tilt-up wall panels and pre-cast panels?

A. Pre-cast panels are more durable than tilt-up panels.
B. Both tilt-up panels and pre-cast panels can lower construction costs.
C. Both tilt-up panels and pre-cast panels are formed off-site.
D. Pre-cast panels cost much more than tilt-up panels.

Answer: B

NEW QUESTION # 13
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. A redevelopment will seriously disrupt the current operation.
C. The existing building no longer provides the highest and best use of the site.
D. The cost of relocating is low.

Answer: C

NEW QUESTION # 14
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

Answer: D

NEW QUESTION # 15
A buyer is purchasing a farm and all the animals are included in the sale price. The buyer is worried the animals could become infected with disease prior to closing, so the salesperson inserts a clause in the agreement of purchase and sale to address that issue. Which of the following should NOT be included in the clause to protect the buyer?

A. State that the buyer is assuming all animals on an "as is" basis.
B. A condition requiring a check-up of each animal by a predetermined veterinarian during due diligence.
C. State that the seller will continue the day-to-day farm operations until closing.
D. The number of animals based on type, gender, and health; if the number is not the same at closing, the price will be adjusted.

Answer: A

NEW QUESTION # 16
......

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Valid PREX-1060A Vce Dumps, PREX-1060A Exam Vce Free

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q11-Q16):

Free PDF Quiz 2025 PREX-1060A: Newest Valid Exam 4: Invigilated Theory Exam Vce Dumps

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