Humber College Exam 4: Invigilated Theory : PREX-1060A exam dump

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Humber College PREX-1060A Exam Syllabus Topics:

Section	Weight	Objectives
Withdrawals and Distributions	15%	- Educational vs non-educational withdrawals - Impact on grants - Tax treatment
Contribution Rules and Limits	25%	- Annual and lifetime contribution limits - Excess contributions and penalties - Carry-forward provisions
Plan Administration and Compliance	10%	- Plan termination rules - Reporting requirements - Responsibilities of providers and subscribers
Government Grants and Incentives	20%	- Canada Education Savings Grant (CESG) - Provincial programs - Canada Learning Bond (CLB)
RESP Fundamentals	30%	- Basic rules and regulations - Definition and purpose of RESP - Key parties involved

Humber College Exam 4: Invigilated Theory Sample Questions:

1. What is the best indicator of a strong office market?

A) When tenants have lots of options because of the amount of available space at favorable rates
B) The number of free months given to new and renewing tenants by landlords in the office marketplace
C) Low rental rates and many concessions
D) The absorption rate, net absorption rate, and rising rental rates

2. Issues that occurred prior to the closing of a transaction may be uncovered by title and non-title searches during due diligence. Which of the following is a non-title search concern?

A) A registered right of way that blocks the buyer's intended use of the property
B) Liens and encumbrances that are registered against the property
C) The property's use doesn't comply with municipal zoning bylaws
D) The seller is not entitled to transfer title to the property for some reason

3. 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?

A) Municipal zoning bylaws overrule all other laws with respect to land uses and issuance ofbuilding permits in Ontario.
B) Municipalities have zoning bylaws that divide the city into different land uses or zones.
C) New commercial construction and redevelopment must comply with zoning bylaws.
D) Zoning bylaws specify the permitted land uses throughout a municipality.

4. Established under the Farming and Food Production Protection Act, the Normal Farm PracticesBoard is composed of members appointed by the Minister of Agriculture, Food and Rural Affairs. Which statement is NOT accurate with regard to the Normal Farm Practices Board?

A) The Board can order farmers to cease practices that cause disturbances if they are not considered to be normal farm practices.
B) The Board can order farmers to modify practices for consistency with normal farm practices.
C) The Board can dismiss complaints if the disturbances are the result of normal farm practices.
D) The Board can conduct hearings that are heard by a minimum of five board members.

5. Which of the following is a correct statement regarding a design-build arrangement in commercial real estate?

A) A design-build arrangement is commonly associated with a seller's market.
B) A design-build arrangement is a sale/leaseback arrangement.
C) A design-build arrangement means the buyer will only buy the property if the landowner builds a building to the buyer's specifications.
D) A design-build arrangement requires the buyer to acquire suitable land and construct a building themselves.

Solutions:

Question # 1 Answer: D

Question # 2 Answer: C

Question # 3 Answer: A

Question # 4 Answer: D

Question # 5 Answer: C