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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q61-Q66):
NEW QUESTION # 61
In regard to cash flow into and out of a business, which of the following is correct?
Answer: A
NEW QUESTION # 62
Finish the sentence: The Employment Standards Act:
Answer: D
NEW QUESTION # 63
A salesperson sells an office building using the Commercial Agreement of Purchase and Sale along with a schedule that lists all the fixtures, chattels, and rental items of the office building. After closing the real estate transaction, a dispute arises between the seller and the buyer about which chattels, fixtures, and rental items of the office building were to be included and which were to be excluded. Which of the following is NOT an accurate statement regarding the salesperson's actions related to negotiating chattels, fixtures, and rental items?
Answer: A
NEW QUESTION # 64
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?
Answer: D
NEW QUESTION # 65
A salesperson and their commercial seller client are discussing and preparing to list the seller's office building. The topic of defects comes up and the seller wants to know what the salesperson will have to disclose. Which of the following is an accurate statement regarding the disclosure of defects?
Answer: A
NEW QUESTION # 66
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