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1. Which of the following statements regarding heavy industrial use and light industrial use is correct?
A) Light industrial use usually results in more noise and heavier traffic.
B) Clay production is an example of light industrial use.
C) Heavy industrial use usually results in less traffic in and out of the heavy industrial zone.
D) Heavy industrial use can produce more pollution than other commercial activities.
2. Which of the following is NOT relevant information a salesperson must verify when representing a landlord who is planning to lease their industrial property?
A) The salesperson must verify the previous tenant's lease rates and terms.
B) The salesperson must verify whether the tenant's intended use for the industrial property is permitted under the zoning bylaw.
C) The salesperson must verify the rates and terms of lease for the property.
D) The salesperson must verify the zoning information for the industrial property.
3. A seller client wants to know the actual size of their unit to avoid any discrepancies. How should the salesperson assist the client?
A) Recommend the services of third-party professionals to measure it.
B) Add a disclaimer to protect the seller from any discrepancy.
C) Tell the seller the usable size is 80 percent of the rentable size.
D) Use a laser measuring device to take the measurements.
4. While preparing to list a vacant retail site that allows new auto sales, the salesperson sees that there is an auto repair garage business next door with old and rusting metal storage tanks at the side of their building. Which of the following is the correct action for the salesperson to take?
A) The salesperson should ask the owner of the garage for more information and what course of action they recommend to assist a future purchaser of the site.
B) The salesperson should attempt to identify signs of contamination on the property and recommend an appropriate third-party expert to the seller client.
C) The salesperson should include the information in the marketing material as it would be beneficial for an auto sales business to have a garage located nearby.
D) The salesperson should ask the owner of the garage whether they have thought about selling their property at this time.
5. Which of the following statements about economic development offices is NOT correct?
A) Economic development offices provide background information on local, provincial, and federal research and development incentives.
B) Economic development offices can provide you with real property information regarding tax assessments and how to appeal your real estate taxes.
C) Economic development offices have important resources for those seeking suitable commercial sites for business operations.
D) Economic development offices can help guide development applications through municipal processes and streamline the approvals process for companies unfamiliar with regulatory requirements.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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