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Humber College Exam 4: Invigilated Theory Sample Questions:

1. A buyer client is interested in purchasing a 30,000 sq. ft. industrial building in an industrial park. The buyer's salesperson drafts an agreement of purchase and sale that includes an environmental site assessment condition that must be met at the buyer's own expense, and to the buyer's satisfaction. Which of the following is NOT an accurate statement regarding the environmental site assessment condition?

A) The environmental site assessment condition makes the offer conditional upon all possible court actions regarding environmental matters being thought of and reported.
B) The environmental site assessment condition makes the offer conditional upon the seller delivering documents, records, and reports relating to environmental matters to the buyer upon request.
C) The environmental site assessment condition makes the offer conditional upon the buyer determining that no limitations or restrictions affecting the continued use of the property exist.
D) The environmental site assessment condition makes the offer conditional upon the buyer determining that the property is free from hazardous conditions or substances.

2. A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:

A) Parking may be impacted by zoning requirements.
B) There may be minimum width and depth requirements for parking spaces.
C) Parking may be impacted by the municipality's parking bylaw.
D) Required parking for persons with disabilities is usually fixed as a ratio based on the number of disabled persons in the community.

3. A buyer is purchasing a farm and all the animals are included in the sale price. The buyer is worried the animals could become infected with disease prior to closing, so the salesperson inserts a clause in the agreement of purchase and sale to address that issue. Which of the following should NOT be included in the clause to protect the buyer?

A) A condition requiring a check-up of each animal by a predetermined veterinarian during due diligence.
B) State that the buyer is assuming all animals on an "as is" basis.
C) The number of animals based on type, gender, and health; if the number is not the same at closing, the price will be adjusted.
D) State that the seller will continue the day-to-day farm operations until closing.

4. A salesperson is helping a buyer identify their needs and property requirements to select an appropriate office property and they are discussing the office layout. Which of the following is NOTa layout consideration?

A) Fitting rooms
B) Boardrooms, private offices, and workstations
C) Kitchens/lunchrooms
D) Storage

5. 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) Bridge crane
B) Jib crane
C) Gantry crane
D) Overhead crane

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