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Updated: Aug 05, 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 Format: | Invigilated Theory Exam, Multiple Choice |
| Exam Duration: | 180 minutes |
| Available Languages: | English |
| Related Certifications: | Real Estate Salesperson Program |
| Sample Questions: | Humber College PREX-1060A Sample Questions |
| Exam Way: | Online remotely invigilated examination through the Meazure Learning platform. |
| Pre Condition: | Completion of the required Humber Real Estate Program course prerequisites before scheduling the examination. |
| Official Syllabus URL: | https://realestateprograms.humber.ca/search/publicCourseSearchDetails.do?courseId=17712&method=load |
Humber College PREX-1060A Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Commercial Property Transactions | - Commercial Property Sales
|
| Property Development and Land Use | - Development Analysis
|
| Commercial Property Types | - Retail and Office Properties
|
| Financial Analysis | - Business Financial Review
|
Humber College Exam 4: Invigilated Theory Sample Questions:
1. In regard to equipment at an industrial property that is being shown for sale, a salesperson representing a buyer should do all of the following, EXCEPT:
A) Ensure chattels or fixtures are not included in the sale or negotiated for in the agreement.
B) Contact the seller's representative prior to the showing to gain awareness of safety and compliance requirements.
C) Obtain clarification as to which equipment seen during the showing will be included in the purchase price of the property.
D) Ensure they are informed as to whether the equipment shown will be relevant for the buyer's intended use.
2. The balance sheet of a business helps investors understand its stability and assess financial risk. A balance sheet includes details about all of the following, EXCEPT:
A) Net operating income
B) Liabilities
C) Shareholder's equity
D) Assets
3. A seller provides you with architectural drawings of their building. Which statement is NOT correct?
A) Architectural drawings are source documents.
B) If changes are made to source documents, they are still valid if you have the original document.
C) Other types of source documents include surveys and tax records.
D) A photocopy of a source document can be used to verify information.
4. A salesperson discusses with a buyer the potential advantages of purchasing brownfields for redevelopment.
What is NOT an advantage for the buyer of a brownfield property?
A) Brownfield properties typically have the advantage of existing infrastructure such as roads, utilities, water/sewer servicing, schools, and transit facilities.
B) The contaminants in brownfields contain precious metals that can be sold to earn additional income.
C) An owner who rehabilitates a brownfield property can receive tax incentives.
D) Brownfield properties can often be purchased at well below their potential market value.
5. In regard to the adjusted book value/asset valuation method of valuing a business, which of the following is correct?
A) The adjusted book value method takes goodwill into account when establishing the value of a business.
B) The adjusted book value method should not be used when the sale of a business is being implemented or is under consideration.
C) A company's adjusted book value should be equal to the actual market value of the business.
D) A company's adjusted book value is entirely unrelated to its net worth.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |
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