PREX-1060A Exam Dumps : Exam 4: Invigilated Theory Exam

Zoning bylaws specify the permitted land uses throughout a municipality.

Municipal zoning bylaws overrule all other laws with respect to land uses and issuance ofbuilding permits in Ontario.

New commercial construction and redevelopment must comply with zoning bylaws.

Municipalities have zoning bylaws that divide the city into different land uses or zones.

If the builder does not address this issue, the buyers can file a complaint with the provincial warranty authority for any outstanding work the builder did not complete.

The buyers should submit their concerns to the provincial warranty authority, as they are entitled to one-year warranty coverage from the occupancy date.

There is no provincial warranty coverage for commercial condominiums, but the buyers can inquire with the builder about any warranties that they may offer.

The buyers should draft a list of all their concerns and submit them to the municipality for appropriate coverage.

A company’s adjusted book value should be equal to the actual market value of the business.

The adjusted book value method should not be used when the sale of a business is being implemented or is under consideration.

A company’s adjusted book value is entirely unrelated to its net worth.

The adjusted book value method takes goodwill into account when establishing the value of a business.