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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q22-Q27):

NEW QUESTION # 22
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 modify practices for consistency with normal farm practices.
B. The Board can conduct hearings that are heard by a minimum of five board members.
C. The Board can dismiss complaints if the disturbances are the result of normal farm practices.
D. The Board can order farmers to cease practices that cause disturbances if they are not considered to be normal farm practices.

Answer: B

NEW QUESTION # 23
Which of the following accurately describes a landlord's commercial property insurance coverage?

A. A landlord's commercial property insurance policy should cover the loss of rental income in the event of a fire, for the period the premises is vacant while repairs are made.
B. A landlord's commercial property insurance policy should cover the loss of the tenant's assets due to theft from their employees or third parties.
C. A landlord's commercial property insurance policy should cover the loss of the property's equity due to a change in market conditions or to a recession.
D. A landlord's commercial property insurance policy should cover the loss of the tenant's assets and income due to business interruption as the result of a fire or flood.

Answer: A

NEW QUESTION # 24
A salesperson is representing a commercial landlord in a lease negotiation. The landlord wants to sign back the offer with a higher rent. What should the salesperson make the landlord aware of regarding the rent increase?

A. The rent increase cannot be more than the Consumer Price Index (CPI).
B. The rent increase can be challenged by the Landlord and Tenant Board.
C. The rent increase can be any amount.
D. The rent increase cannot be higher than the guideline set by the government.

Answer: C

NEW QUESTION # 25
A developer has completed the construction of a new commercial condominium project that is readyfor occupancy by the buyers. The condominium should be registered within approximately six months. Which of the following accurately describes a responsibility of the developer?

A. The developer will be responsible for much of the day-to-day management of the condominium corporation's affairs after the turnover meeting.
B. The developer will be responsible for overseeing the business affairs of the condominium corporation after the turnover meeting.
C. The developer will be responsible for calling a general meeting within 21 days to appoint a new board of directors.
D. The developer will be responsible for registering the declaration and description and creating the plan and vision for the property.

Answer: D

NEW QUESTION # 26
Which of the following practices maintains the stability and durability of a commercial property?

A. Delaying improvements to the property to save costs
B. Increasing the base rent and additional rent in a slow economy
C. Keeping good tenants
D. Replacing old tenants with new tenants that pay much higher rent

Answer: C

NEW QUESTION # 27
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