100% Reliable PREX-1060A Exam Dumps Test Pdf Exam Material [Q37-Q57]

NO.37 A retail property buyer must consider the parking requirements associated with the site. All of the statements below are considerations for parking, EXCEPT:

NO.38 A salesperson is representing a tenant client who is opening a new pet food store in a local strip plaza. The salesperson meets with their tenant to discuss display signage and review the guidelines in their commercial lease agreement. Which statement is NOT accurate regarding the commercial lease agreement’s signage clause?

NO.39 A salesperson has a buyer client in the metal fabrication industry, which requires outdoor storage and involves substantial noise and smells. The salesperson sees a listing that says “24,000-square-foot light industrial property, multi-uses permitted.” Is this a suitable property for their client? Why or why not?

NO.40 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?

NO.41 A salesperson and their commercial seller client are discussing and preparing to list the seller’s office building. The topic of defects comes up and the seller wants to know what the salesperson will have to disclose. Which of the following is an accurate statement regarding the disclosure of defects?

NO.42 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?

NO.43 A salesperson is drafting an offer for a vacant industrial site prime for development on behalf of their buyer client. The salesperson has included all proper conditions to protect the buyer, along with sufficient time periods to undertake the due diligence. Which of the following would be an appropriate conditional time period based on the corresponding condition?

NO.44 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?

NO.45 A buyer looking for an industrial property tells the salesperson that on-site trailer storage space is an important feature. What is a reason on-site trailer storage might be important for the buyer’s industrial business?

NO.46 A buyer is in the process of closing a transaction when a tornado causes damage to the property. The necessary repairs may extend past the closing date. Which of the following may be used to resolve this problem?

NO.47 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?

NO.48 Which of the following is a reason why an owner might consider redeveloping an industrial property?

NO.49 In regard to cash flow into and out of a business, which of the following is correct?

NO.50 Sometimes, transactions do not close. When a transaction won’t be completed, what should a salesperson try to do as soon as possible?

NO.51 A salesperson representing a client who is selling an office property has received some documents from the seller and is trying to organize them. Which of the following documents is NOT needed by the salesperson or seller when selling the property?

NO.52 Which of the following statements regarding Building Owners and Managers Association (BOMA) standards is correct?

NO.53 When calculating the total purchase price of farmland with improvements on it, which of the following items is NOT included?

NO.54 Which of the following is NOT relevant information a salesperson must verify when representing a landlord who is planning to lease their industrial property?

NO.55 Which of the following is most likely to be a factor in an appraisal for an industrial property?

NO.56 A buyer client is interested in purchasing an industrial property for their manufacturing business. The buyer’s salesperson informs them of the building criteria, along with the minimum requirements for clear height and clear span that would be suitable for the buyer’s business. What should the salesperson explain to the buyer regarding clear span?

NO.57 A buyer wants to purchase an industrial property for its international logistics and distribution center.
Currently, the building is used by a local courier company with small delivery trucks and vans. When drafting an offer to purchase this property, which of the following should be added regarding this change of use?