Online Access Free HumberCollege.PREX-1060A.v2024-11-29.q39 Practice Test (Page 4)

PREX-1060A Exam Question 11

Which of the following is a risk associated with investing in commercial real estate?

A.The fact that rent, leased space, and building size are fixed

B.The relative lack of capital growth during the holdover period

C.The relative lack of liquidity

D.The insufficiency of cash flow during the holding period

PREX-1060A Exam Question 12

A buyer wants to purchase an industrial property for its international logistics and distribution center.
Currently, the building is used by a local courier company with small delivery trucks and vans. When drafting an offer to purchase this property, which of the following should be added regarding this change of use?

A.A clause to ensure the truck parking spaces and turning radius are sufficient

B.A clause to check the condition of the trucks and vans

C.A clause to obtain the necessary mortgage amount

D.A clause to test the quality of the underground water source

PREX-1060A Exam Question 13

Sometimes, transactions do not close. When a transaction won't be completed, what should a salesperson try to do as soon as possible?

A.Obtain the remuneration owed.

B.Pass the transaction to the broker of record so that the broker will take care of it.

C.Conduct an analysis of why the transaction will not be carried out.

D.Terminate the transaction and disengage from it.

PREX-1060A Exam Question 14

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.The number of animals based on type, gender, and health; if the number is not the same at closing, the price will be adjusted.

B.State that the buyer is assuming all animals on an "as is" basis.

C.State that the seller will continue the day-to-day farm operations until closing.

D.A condition requiring a check-up of each animal by a predetermined veterinarian during due diligence.

PREX-1060A Exam Question 15

Audited and unaudited statements provide the financial status of a business to potential buyers. What is the main difference between audited and unaudited financial statements?

A.Unaudited financial statements are prepared by accounting students; audited financial statements are completed by accountants who have received their professional designation.

B.Unaudited financial statements are prepared by Chartered Professional Accountants; audited financial statements are prepared by senior Chartered Professional Accountants.

C.Audited financial statements comply with Generally Accepted Accounting Principles (GAAP); unaudited financial statements do not comply with GAAP.

D.Audited financial statements provide an accurate picture of the financial status of a business; unaudited financial statements may only contain partially reviewed information.

Latest Upload: 147PECB.ISO-IEC-27002-Foundation.v2026-10-21.q32; 274Cisco.300-415.v2026-10-21.q228; 180Fortinet.NSE5_FSW_AD-7.6.v2026-10-20.q51; 222EC-COUNCIL.212-89.v2026-10-20.q204; 345EC-COUNCIL.312-50.v2026-10-20.q421; 170Oracle.1Z0-931-26.v2026-10-19.q61; 164Microsoft.AI-200.v2026-10-19.q43; 161Oracle.1z0-1195-26.v2026-10-19.q23; 317Microsoft.MS-102.v2026-10-19.q259; 421ECCouncil.312-50v13.v2026-10-19.q453

PREX-1060A Exam Question 11

PREX-1060A Exam Question 12

PREX-1060A Exam Question 13

PREX-1060A Exam Question 14

PREX-1060A Exam Question 15

Download PDF File