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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q66-Q71):
NEW QUESTION # 66
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: D
NEW QUESTION # 67
When discussing the sale of a business and establishing the asking price, there are questions a salesperson must ask the owner. Which of the following is one of them?
Answer: A
NEW QUESTION # 68
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?
Answer: B
NEW QUESTION # 69
There are different requirements under REBBA and other legislation that affect the sale of a business. Which of the following is NOT correct?
Answer: A
NEW QUESTION # 70
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?
Answer: A
NEW QUESTION # 71
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