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1. 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) An owner who rehabilitates a brownfield property can receive tax incentives.
B) The contaminants in brownfields contain precious metals that can be sold to earn additional income.
C) Brownfield properties can often be purchased at well below their potential market value.
D) Brownfield properties typically have the advantage of existing infrastructure such as roads, utilities, water/sewer servicing, schools, and transit facilities.
2. All of the following aspects of a commercial property may affect its eligibility for Leadership in Energy and Environmental Design (LEED) certification, EXCEPT:
A) Innovative elements
B) Sustainability
C) Vacancy rate
D) Energy efficiency
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) Zoning bylaws specify the permitted land uses throughout a municipality.
B) New commercial construction and redevelopment must comply with zoning bylaws.
C) Municipal zoning bylaws overrule all other laws with respect to land uses and issuance ofbuilding permits in Ontario.
D) Municipalities have zoning bylaws that divide the city into different land uses or zones.
4. A salesperson is representing a seller of a pet food store and is preparing the marketing materials. Which of the following is a document the salesperson is required to provide to prospective buyersof the business?
A) A list of equipment, chattels, and fixtures that are included with the business.
B) A list of customers who have purchased products in the last 60 months or since the business was acquired.
C) An income statement for the past 12 months or since the business was acquired.
D) A statement of the expenses for the business for the past year or since the business was acquired.
5. 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?
A) Jib crane
B) Overhead crane
C) Gantry crane
D) Bridge crane
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |
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