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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q17-Q22):
NEW QUESTION # 17
Obtaining the size and boundaries of a commercial condominium unit is an important task for a salesperson.
Which of the following statements regarding this task is NOT correct?
- A. An architect can be hired to measure the space.
- B. An Ontario Land Surveyor can be hired to measure the space.
- C. The original plans should be used to determine the size of a unit.
- D. Space should be measured in accordance with BOMA standards.
Answer: C
NEW QUESTION # 18
A salesperson is drafting an offer and discussing with the buyer the steps required for due diligencewhen purchasing a commercial condominium unit. All of the steps below are included in due diligence, EXCEPT:
- A. Estimate time frames required for due diligence and other offer conditions
- B. Gather, organize, and verify all pertinent information
- C. Create a business plan
- D. Identify third-party professionals
Answer: C
NEW QUESTION # 19
Examples of properties which would warrant a Phase 2 environmental assessment may include heavy industrial sites. Which of the following is NOT an example of a heavy industrial use?
- A. Petroleum storage and distribution sites
- B. Computer training institute
- C. Chemical manufacturers
- D. Power stations
Answer: B
NEW QUESTION # 20
A buyer client is discussing zoning bylaws of the municipality in relation to an industrial development site with their salesperson. Which of the following is NOT a correct statement with respect to zoning bylaws?
- A. Zoning bylaws specify the permitted land uses throughout a municipality.
- B. Municipalities have zoning bylaws that divide the city into different land uses or zones.
- C. Municipal zoning bylaws overrule all other laws with respect to land uses and issuance ofbuilding permits in Ontario.
- D. New commercial construction and redevelopment must comply with zoning bylaws.
Answer: C
NEW QUESTION # 21
Which statement about an Environmental Site Assessment (ESA) is NOT correct?
- A. No stipulations exist for the third and final phase of an ESA due to its vast and complex nature.
- B. An ESA is not required if the buyer is purchasing the industrial property for their own use.
- C. The Environmental Protection Act establishes the procedures and requirements for the first two phases of an ESA.
- D. All new commercial properties must undergo an ESA before construction begins.
Answer: B
NEW QUESTION # 22
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