PREX-1060A Exam Dumps - Exam 4: Invigilated Theory Exam

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Question # 4

Which of the following is a characteristic of main street retail?

Comprises a blend of old and new stores

Must be located in a small, older community

Consists of newer, free-standing buildings only

Structure size typically ranges from 100,000 to 130,000 square feet

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Question # 5

Sometimes, transactions do not close. When a transaction won't be completed, what should a salesperson try to do as soon as possible?

Conduct an analysis of why the transaction will not be carried out.

Pass the transaction to the broker of record so that the broker will take care of it.

Obtain the remuneration owed.

Terminate the transaction and disengage from it.

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Question # 6

Many industrial users install one or more cranes on their properties to move heavy items. Which type of industrial crane has an arm attached at an angle to a rotating mast that permits 360-degree swiveling around that mast?

Gantry crane

Jib crane

Bridge crane

Overhead crane

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Question # 7

In a commercial transaction, which of the following is NOT a responsibility of the lawyer?

Exchange of legal documents

Review of financial statements

Review of the Agreement of Purchase and Sale

Remedy of title issues

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Question # 8

The key mechanical components of commercial buildings include heating, cooling, and electrical systems. Which of the following tasks is NOT usually completed by the salesperson?

Ensuring inspections are being carried out as required.

Contacting contractors for quotes for repairing or replacing equipment.

Reviewing whether the technical components have been recently replaced or upgraded.

Learning what types of equipment are in the building and having a general understanding of their age and condition.

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