Humber College PREX-1060A : Exam 4: Invigilated Theory Exam

Pass PREX-1060A Exam Cram

Exam Code: PREX-1060A

Exam Name: Exam 4: Invigilated Theory Exam

Updated: Sep 23, 2026

Q & A: 108 Questions and Answers

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Humber College PREX-1060A Exam Overview:
Certification Vendor:Humber College
Exam Name:Exam 4: Invigilated Theory Exam
Exam Number:PREX-1060A
Related Certifications:Real Estate Salesperson Program
Available Languages:English
Exam Format:Invigilated Theory Exam, Multiple Choice
Exam Duration:180 minutes
Sample Questions:Free Download Pass PREX-1060A Exam Cram
Exam Way:Online remotely invigilated examination through the Meazure Learning platform.
Pre Condition:Completion of the required Humber Real Estate Program course prerequisites before scheduling the examination.
Official Syllabus URL:https://realestateprograms.humber.ca/search/publicCourseSearchDetails.do?courseId=17712&method=load
Humber College PREX-1060A Exam Syllabus Topics:
SectionObjectives
Commercial Property Types- Retail and Office Properties
  • 1. Property Management Considerations
  • 2. Retail Condominiums
  • 3. Office Buildings
- Industrial Properties
  • 1. Light Industrial Uses
  • 2. Industrial Site Evaluation
  • 3. Heavy Industrial Uses
Financial Analysis- Commercial Financing
  • 1. Commercial Mortgages
  • 2. Mortgage Terms and Conditions
  • 3. Late Payment Provisions
- Business Financial Review
  • 1. Audited and Unaudited Financial Statements
  • 2. Cash Flow Analysis
  • 3. Investment Performance Evaluation
Commercial Property Transactions- Commercial Leasing
  • 1. Management Fees
  • 2. Tenant Representation
  • 3. Lease Structures
- Commercial Property Sales
  • 1. Commercial Agreements of Purchase and Sale
  • 2. Property Valuation
  • 3. Due Diligence Procedures
Property Development and Land Use- Development Analysis
  • 1. Highest and Best Use
  • 2. Site Servicing Requirements
  • 3. Environmental Due Diligence
- Taxation and Regulatory Considerations
  • 1. Assessment Issues
  • 2. Property Tax Adjustments
  • 3. Municipal Compliance

The Humber College Exam 4: Invigilated Theory Exam: Clear Answers

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The PREX-1060A exam is the official assessment for the Humber College Exam 4: Invigilated Theory certification from Humber College. Across the wide landscape of IT certifications, this credential verifies that you can apply its published objectives in realistic scenarios — and since most candidates aim to succeed in one focused attempt, the quality of your practice material is the variable that matters most.

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Completion of the required Humber Real Estate Program course prerequisites before scheduling the examination.

The official outline organizes the PREX-1060A exam into weighted domains, including:

  • Financial Analysis ()
  • Commercial Property Transactions ()
  • Property Development and Land Use ()

The Humber College Exam 4: Invigilated Theory practice questions at Pass4cram are built around these same objectives — request the free demo by email to see how the content maps onto them.

Humber College Exam 4: Invigilated Theory Sample Questions:
Question #1

A buyer client and their salesperson are doing a visual check of the industrial property that the buyer is planning to purchase. When they get to the rear of the property, the salesperson observes a potential source of contamination. Which of the following factors is likely the cause of concern for the salesperson?

  • A. There is a residential neighborhood and playground nearby.
  • B. The office building next door has an overflow parking lot.
  • C. There is vacant land nearby with a small pond with discolored standing water.
  • D. The neighboring property includes a restaurant, a dental clinic, and a law office.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #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 3,482 sq. ft.
  • C. The retail tenant's rentable area would be 3,912 sq.ft.
  • D. The retail tenant's rentable area would be 3,073 sq.ft.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Land developers purchase land for commercial, industrial, and residential projects. Tracts of land larger than five acres but smaller than 10 acres may appeal to land developers for various reasons. Which of the following is one of the reasons?

  • A. They can be used for newly planned subdivisions.
  • B. They are a good size for modern 18-hole golf courses.
  • C. The developer cannot find a building lot to build a detached home.
  • D. They are normally less expensive than pieces of land smaller than two acres in the same neighborhood.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

A salesperson is representing a commercial landlord in a lease negotiation. The landlord wants to sign back the offer with a higher rent. What should the salesperson make the landlord aware of regarding the rent increase?

  • A. The rent increase can be any amount.
  • B. The rent increase can be challenged by the Landlord and Tenant Board.
  • C. The rent increase cannot be more than the Consumer Price Index (CPI).
  • D. The rent increase cannot be higher than the guideline set by the government.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

Asset sale and share sale are two different ways to sell a business. Which statement describes an asset sale?

  • A. The seller benefits from a tax standpoint since any gain to the seller on the sale will be considered under the capital gains tax exemption.
  • B. The buyer replaces the seller as the owner of the corporation.
  • C. The buyer assumes all assets and accepts all liabilities of the business.
  • D. The buyer is eligible for tax deductions and benefits by claiming capital cost allowance on depreciable property.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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