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Humber College PREX-1060A Exam With Confidence Using Practice Dumps

Exam Code:
PREX-1060A
Exam Name:
Exam 4: Invigilated Theory Exam
Vendor:
Questions:
120
Last Updated:
Apr 26, 2025
Exam Status:
Stable
Humber College PREX-1060A

PREX-1060A: RESP Pre-Registration Phase Exam 2025 Study Guide Pdf and Test Engine

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Exam 4: Invigilated Theory Exam Questions and Answers

Question 1

Which of the following statements about economic development offices is NOT correct?

Options:

A.

Economic development offices can provide you with real property information regarding tax assessments and how to appeal your real estate taxes.

B.

Economic development offices provide background information on local, provincial, and federal research and development incentives.

C.

Economic development offices have important resources for those seeking suitable commercial sites for business operations.

D.

Economic development offices can help guide development applications through municipal processes and streamline the approvals process for companies unfamiliar with regulatory requirements.

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Question 2

In regard to Environmental Site Assessments (ESAs), which of the following is NOT accurate?

Options:

A.

An ESA is intended to determine if a property has been contaminated or is facing any environmental threats.

B.

Every new commercial property must undergo an ESA prior to construction.

C.

ESAs are regulated under the Canadian Environmental Protection Act.

D.

Local building departments use ESAs as the basis for changes to municipal zoning bylaws.

Question 3

A salesperson is preparing to list an industrial building and wants to assess the availability and size of utilities, as these factors may prohibit a change in use for the potential buyer. Which of the following is correct?

Options:

A.

If the information on the building's utilities is not available, the salesperson can determine it by finding out the specifications of the utilities of the neighbors.

B.

If the information on the subject building’s utilities is available, then a potential buyer will not put a condition in the offer.

C.

The salesperson should conduct a visual inspection of the building to determine the specifications of the utilities.

D.

The seller may have up-to-date documentation about the utilities but, in some situations, a third-party professional assessment is still needed.