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Exam 4: Invigilated Theory Exam

Last Update Oct 4, 2024
Total Questions : 120

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Exam 4: Invigilated Theory Exam Questions and Answers

Questions 1

Which of the following statements regarding heavy industrial use and light industrial use is correct?

Options:

A.

Clay production is an example of light industrial use.

B.

Light industrial use usually results in more noise and heavier traffic.

C.

Heavy industrial use can produce more pollution than other commercial activities.

D.

Heavy industrial use usually results in less traffic in and out of the heavy industrial zone.

Questions 2

When representing a client who is selling a business, a salesperson must be aware of concerns related to compliance. Which of the following is NOT a compliance concern?

Options:

A.

The condition of goods, chattels, and fixtures cannot be verified

B.

Income and expense statements contain misrepresentations

C.

The seller provides insufficient due diligence documents

D.

The seller discloses all liabilities of the business in writing

Questions 3

A salesperson is negotiating a lease for a new retail tenant and reviewing the requirements and restrictions regarding the delivery of stock items. Which of the following is NOT a correct statement regarding stock delivery requirements and restrictions in a commercial lease?

Options:

A.

The salesperson is responsible for negotiating the tenant's stock delivery window.

B.

Should a delivery truck arrive during an emergency, the property manager must be available.

C.

Stock delivery cannot be restricted in a commercial agreement to lease.

D.

The salesperson is responsible for addressing site access and exit in the tenant's agreement to lease.

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