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Humber College Exam 4: Invigilated Theory Sample Questions:
1. A salesperson is representing a buyer client in the purchase of a fully tenanted mixed-use building. The agreement of purchase and sale will be in the name of a corporation owned by the buyer and several other shareholders. Which of the following statements is correct regarding the signing of this agreement of purchase and sale?
A) The buyer must sign and date below the printed name of the corporation.
B) A major shareholder of the company must sign and date over their printed name.
C) An authorized signing officer of the company must sign and date over the words: "I haveauthority to bind the corporation" and below the printed registered name.
D) The general partner of the company must sign and date below the printed name of the limited company.
2. 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 3,605 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 3,482 sq. ft.
3. Many industrial users install one or more cranes on their properties to move heavy items. Which type of industrial crane has an arm attached at an angle to a rotating mast that permits 360-degree swiveling around that mast?
A) Overhead crane
B) Gantry crane
C) Bridge crane
D) Jib crane
4. The key mechanical components of commercial buildings include heating, cooling, and electrical systems.
Which of the following tasks is NOT usually completed by the salesperson?
A) Learning what types of equipment are in the building and having a general understanding of their age and condition.
B) Contacting contractors for quotes for repairing or replacing equipment.
C) Ensuring inspections are being carried out as required.
D) Reviewing whether the technical components have been recently replaced or upgraded.
5. Which of the following statements regarding Building Owners and Managers Association (BOMA) standards is correct?
A) The BOMA standards provide methods of measuring industrial buildings only.
B) The BOMA standards are complex.
C) The BOMA standards provide procedures to measure rentable areas only.
D) The BOMA standards provide methods of measuring office buildings only.
Solutions:
Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: D |