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2. Offer and contract structure in commercial transactions
3. Taxation considerations in commercial resale
- Property valuation and market evaluation
1. Market value interpretation
2. Investment considerations for industrial/commercial assets
3. Highest and best use analysis
Humber College Exam 4: Invigilated Theory Sample Questions:
Utility requirements are different for retail, office, and industrial properties, and a salesperson should understand the utility needs of each client. Which of the following items is NOT required bya typical occupant of a retail space?
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?
A. The salesperson is responsible for negotiating the tenant's stock delivery window.
B. The salesperson is responsible for addressing site access and exit in the tenant's agreement to lease.
C. Stock delivery cannot be restricted in a commercial agreement to lease.
D. Should a delivery truck arrive during an emergency, the property manager must be available.
A salesperson is searching for properties on behalf of their retail buyer client for their designer eyewear and optical store. The buyer discusses their storage and product display needs with the salesperson. Which of the following is NOT a factor the buyer should consider regarding the product display and storage space of potential properties?
A. The salesperson should advise the buyer to consider the price of their products.
B. The salesperson should advise the buyer to consider the size of their products.
C. The salesperson should advise the buyer to consider their business's predicted monthly inventory.
D. The salesperson should advise the buyer to consider the space they will need to allot for storage versus customer-facing product.
A tenant receives the keys to their new retail space. When the tenant opens the door, they see evidence of a small fire on the walls near the electrical panel. Which of the following is an appropriate recommendation the salesperson could provide to the new tenant?
A. Meet with the property manager, review the lease, and determine a course of action.
B. Terminate the lease and start looking for a new space.
C. Repair the damage and deduct the cost from the rent.
D. Contact a lawyer and immediately start a legal action for damages.
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