Humber Real Estate Course 4, Module
4 Exam Questions and Answers
What is the Usable area? -answer- actual space a tenant can exclusively use. this
includes areas like private offices, conference rooms, and storage within the leased
unit
what is the rentable area? -answer- the total space the tenant pays for, which
includes the usable are PLUS a proportionate share of a building common areas
What should you not except as a corporations proof of identity ? -answer- a recent
tax statement
M4, L2
What can you ask for to ensure there are no open building permits which could delay
closing? -answer- occupancy permits
What is TSSA and what do they regulate? -answer- Technical Standards and Safety
Authority and they regulate Ontario's elevators
What do elevators need to comply with? -answer- Elevating Devices Safety Program
Compliance
What are investors focused on? -answer- how easily they can convert a space for
another tenant
Who is responsible for group pylon signs? (like a plaza listing the stores?) -answer- a
group of tenants is responsible for the costs
What should you do when conducting a visual inspection? -answer- - review the
services available
- review environmental characteristics of the property
- inspect elevators and HVAC
- identify renovations and repairs required
What should you do in regard to the age and condition of the property? -answer- -
conduct personal assessment of the age and condition of the buildings interior to
estimate the value and appeal of the property
- copies of inspection reports for equipment
- identify the condition of windows, doors, walls, carpets, and common areas
- identify if any improvements may be necessary
who is responsible for signage? -answer- the tenant
what are the costs associated with signage? -answer- - initial installation
- required approvals
- separate amounts levied by the landlord for pylons
, - ongoing maintenance
- removal at end of lease
Where is exterior signage found? -answer- 2 broad general areas
#1. attached to the exterior of the building
#2. pylon sign near the entrance of the plaza or building
what should you recommend the seller do in the case of outdated technology? -
answer- suggest the seller hire the services of a technology consultant to provide a
detailed report about the technological capabilities of the building and
recommendations
What should u consider about exterior features of a building? -answer- - the
architectural appeal and evidence of poor maintenance
- review the parking conditions
What should you consider when it comes to balconies and roof top terraces -answer-
- assess if these features will be properly maintained and contribute to the overall
use and enjoyment of the property
- inquire about the additional rent for the facilities
What should you consider in the cases of cell phone towers and roof mounted
systems? -answer- - confirm any presence of any cell phone towers or roof mounted
systems in an office or retail building
- may have zoning bylaws for telecommunication systems
- review if there are any roof mounted systems, such as solar panels installed on the
roof
Public services to consider -answer- cable, septic, telephone
Private services to consider -answer- snow removal, maintain grass and flower bed,
maintenance repairs
What are factors to consider when listing? -answer- - lot size, shape, topographical
features
- parking, entry/exit facilities
- services available on site (private, public)
- access to public transportation
- environmental assessment
What is a LOT? -answer- large rectangle or square lots are typically best suited for
development. An irregular shaped lot may pose challenges for the architect to design
a building that will git appropriately into that lot.
What is TOPOGRAPHY? -answer- - refers to the surface of the lots
- you will need to consider whether the land is rolling, hilly, or flat.
- pay attention to the elevation levels for flood purposes
4 Exam Questions and Answers
What is the Usable area? -answer- actual space a tenant can exclusively use. this
includes areas like private offices, conference rooms, and storage within the leased
unit
what is the rentable area? -answer- the total space the tenant pays for, which
includes the usable are PLUS a proportionate share of a building common areas
What should you not except as a corporations proof of identity ? -answer- a recent
tax statement
M4, L2
What can you ask for to ensure there are no open building permits which could delay
closing? -answer- occupancy permits
What is TSSA and what do they regulate? -answer- Technical Standards and Safety
Authority and they regulate Ontario's elevators
What do elevators need to comply with? -answer- Elevating Devices Safety Program
Compliance
What are investors focused on? -answer- how easily they can convert a space for
another tenant
Who is responsible for group pylon signs? (like a plaza listing the stores?) -answer- a
group of tenants is responsible for the costs
What should you do when conducting a visual inspection? -answer- - review the
services available
- review environmental characteristics of the property
- inspect elevators and HVAC
- identify renovations and repairs required
What should you do in regard to the age and condition of the property? -answer- -
conduct personal assessment of the age and condition of the buildings interior to
estimate the value and appeal of the property
- copies of inspection reports for equipment
- identify the condition of windows, doors, walls, carpets, and common areas
- identify if any improvements may be necessary
who is responsible for signage? -answer- the tenant
what are the costs associated with signage? -answer- - initial installation
- required approvals
- separate amounts levied by the landlord for pylons
, - ongoing maintenance
- removal at end of lease
Where is exterior signage found? -answer- 2 broad general areas
#1. attached to the exterior of the building
#2. pylon sign near the entrance of the plaza or building
what should you recommend the seller do in the case of outdated technology? -
answer- suggest the seller hire the services of a technology consultant to provide a
detailed report about the technological capabilities of the building and
recommendations
What should u consider about exterior features of a building? -answer- - the
architectural appeal and evidence of poor maintenance
- review the parking conditions
What should you consider when it comes to balconies and roof top terraces -answer-
- assess if these features will be properly maintained and contribute to the overall
use and enjoyment of the property
- inquire about the additional rent for the facilities
What should you consider in the cases of cell phone towers and roof mounted
systems? -answer- - confirm any presence of any cell phone towers or roof mounted
systems in an office or retail building
- may have zoning bylaws for telecommunication systems
- review if there are any roof mounted systems, such as solar panels installed on the
roof
Public services to consider -answer- cable, septic, telephone
Private services to consider -answer- snow removal, maintain grass and flower bed,
maintenance repairs
What are factors to consider when listing? -answer- - lot size, shape, topographical
features
- parking, entry/exit facilities
- services available on site (private, public)
- access to public transportation
- environmental assessment
What is a LOT? -answer- large rectangle or square lots are typically best suited for
development. An irregular shaped lot may pose challenges for the architect to design
a building that will git appropriately into that lot.
What is TOPOGRAPHY? -answer- - refers to the surface of the lots
- you will need to consider whether the land is rolling, hilly, or flat.
- pay attention to the elevation levels for flood purposes
