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Updated: Jul 30, 2026
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Humber College PREX-1060A Exam Overview:
| Certification Vendor: | Humber College |
| Exam Name: | Exam 4: Invigilated Theory Exam |
| Exam Number: | PREX-1060A |
| Exam Price: | CAD 0 |
| Related Certifications: | Real Estate Salesperson Program - Pre-Registration Phase |
| Exam Format: | Invigilated Theory Exam, Multiple Choice (typical for program exams) |
| Exam Duration: | 180 minutes |
| Available Languages: | English |
| Recommended Training: | Humber College Real Estate Salesperson Program |
| Exam Registration: | Meazure Learning Exam Scheduling (access via Humber login) Humber College Real Estate Programs Portal |
| Sample Questions: | Humber College PREX-1060A Sample Questions |
| Exam Way: | Invigilated (proctored) exam via Meazure Learning platform |
| Pre Condition: | Pass PREC-1050A (Course 4: Commercial Real Estate Transactions - eLearning) |
| Official Syllabus URL: | https://realestateprograms.humber.ca/search/publicCourseSearchDetails.do?courseId=17712&method=load |
Humber College PREX-1060A Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Commercial Real Estate Transactions | - Regulatory and professional obligations
|
Humber College Exam 4: Invigilated Theory Sample Questions:
1. Which of the following is NOT determined by zoning bylaws?
A) Lot dimensions and parking requirements
B) Where buildings and other structures may be located
C) The amount of rent a building may generate
D) The types of buildings that are permitted in a location, their height, and how they may be used
2. 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) Identify third-party professionals
B) Create a business plan
C) Gather, organize, and verify all pertinent information
D) Estimate time frames required for due diligence and other offer conditions
3. In a commercial transaction, which of the following is NOT a responsibility of the lawyer?
A) Remedy of title issues
B) Review of financial statements
C) Exchange of legal documents
D) Review of the Agreement of Purchase and Sale
4. 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?
A) The salesperson should not disclose material latent defects that are known to the seller that could reduce the price or the marketability of the property.
B) The salesperson should not disclose latent defects that are known to the seller as they could affect the seller's ability to obtain a high price for the property.
C) The salesperson should discuss latent defects known to the seller of the office building with the seller and disclose them to a buyer.
D) The salesperson should discuss patent defects known to the seller of the office building with the seller and disclose them to a buyer.
5. Which of the following is a characteristic of main street retail?
A) Comprises a blend of old and new stores
B) Structure size typically ranges from 100,000 to 130,000 square feet
C) Must be located in a small, older community
D) Consists of newer, free-standing buildings only
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A |
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