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Humber College Exam 4: Invigilated Theory Sample Questions:

1. A salesperson is negotiating a lease for a new retail tenant and reviewing the requirements and restrictions regarding the delivery of stock items. Which of the following is NOT a correct statement regarding stock delivery requirements and restrictions in a commercial lease?

A) The salesperson is responsible for negotiating the tenant's stock delivery window.
B) Should a delivery truck arrive during an emergency, the property manager must be available.
C) Stock delivery cannot be restricted in a commercial agreement to lease.
D) The salesperson is responsible for addressing site access and exit in the tenant's agreement to lease.

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

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

3. 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 3,912 sq.ft.
B) The retail tenant's rentable area would be 3,605 sq. ft.
C) The retail tenant's rentable area would be 3,073 sq.ft.
D) The retail tenant's rentable area would be 3,482 sq. ft.

4. In a commercial transaction, which of the following is NOT a responsibility of the lawyer?

A) Review of the Agreement of Purchase and Sale
B) Exchange of legal documents
C) Remedy of title issues
D) Review of financial statements

5. 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 total amount of floor area in the space, including the space that is occupied between columns and walls.
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 unobstructed vertical distance from the floor to the bottom of the lowest ceiling or roof component.

Solutions: