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質問 1：
Finish the sentence: The Employment Standards Act:
A. Regulates matters involving ownership of a business.
B. Regulates trade names.
C. Specifies the terms of a business partnership agreement.
D. Protects the rights of workers of a business that is being sold.
正解：D
質問 2：
A salesperson, who is representing a tenant, has completed a comparative market analysis (CMA) of the management fees charged, assessed on a square footage basis, at the different office buildings that their client is interested in leasing. The management fees vary across the comparable office buildings, and the tenant is interested to know why there is a difference. Which of the following is an accurate statement the salesperson can make about the difference in management fees between the buildings?
A. The salesperson should explain that a tenant occupying a smaller rentable area in a building pays higher management fees per square foot compared to a tenant with an average or larger rentable area.
B. The salesperson should identify the reasons for high management fees charged for a building and determine the relative value it provides.
C. The salesperson should tell the tenant that the Condominium Authority of Ontario regulates management fees charged by buildings as per their size.
D. The salesperson should tell their client that higher management fees charged for a building always indicates that the tenant is getting superior service and value.
正解：B
質問 3：
The cost approach is one method of real estate evaluation that an appraiser may use to estimate the value of a commercial property. Which of the following is NOT an accurate statement regarding the cost approach?
A. The cost approach is preferred for older construction properties, as calculating depreciation on them is fairly straightforward.
B. The cost approach is typically used to appraise income-generating properties.
C. The cost approach is preferred for newer construction properties, as the appraiser would not need to make a subjective estimation of the accrued depreciation of the building.
D. The cost approach is useful for the appraisal of property types for which sales and income data are scarce, such as industrial and special-purpose properties.
正解：A
質問 4：
In a commercial transaction, which of the following is NOT a responsibility of the lawyer?
A. Review of financial statements
B. Remedy of title issues
C. Review of the Agreement of Purchase and Sale
D. Exchange of legal documents
正解：A
質問 5：
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 calling a general meeting within 21 days to appoint a new board of directors.
B. The developer will be responsible for much of the day-to-day management of the condominium corporation's affairs after the turnover meeting.
C. The developer will be responsible for overseeing the business affairs of the condominium corporation after the turnover meeting.
D. The developer will be responsible for registering the declaration and description and creating the plan and vision for the property.
正解：D
質問 6：
A seller client wants to know the actual size of their unit to avoid any discrepancies. How should the salesperson assist the client?
A. Add a disclaimer to protect the seller from any discrepancy.
B. Use a laser measuring device to take the measurements.
C. Recommend the services of third-party professionals to measure it.
D. Tell the seller the usable size is 80 percent of the rentable size.
正解：C
質問 7：
The balance sheet of a business helps investors understand its stability and assess financial risk. A balance sheet includes details about all of the following, EXCEPT:
A. Assets
B. Net operating income
C. Liabilities
D. Shareholder's equity
正解：B
Finish the sentence: The Employment Standards Act:
A. Regulates matters involving ownership of a business.
B. Regulates trade names.
C. Specifies the terms of a business partnership agreement.
D. Protects the rights of workers of a business that is being sold.
正解：D
質問 2：
A salesperson, who is representing a tenant, has completed a comparative market analysis (CMA) of the management fees charged, assessed on a square footage basis, at the different office buildings that their client is interested in leasing. The management fees vary across the comparable office buildings, and the tenant is interested to know why there is a difference. Which of the following is an accurate statement the salesperson can make about the difference in management fees between the buildings?
A. The salesperson should explain that a tenant occupying a smaller rentable area in a building pays higher management fees per square foot compared to a tenant with an average or larger rentable area.
B. The salesperson should identify the reasons for high management fees charged for a building and determine the relative value it provides.
C. The salesperson should tell the tenant that the Condominium Authority of Ontario regulates management fees charged by buildings as per their size.
D. The salesperson should tell their client that higher management fees charged for a building always indicates that the tenant is getting superior service and value.
正解：B
質問 3：
The cost approach is one method of real estate evaluation that an appraiser may use to estimate the value of a commercial property. Which of the following is NOT an accurate statement regarding the cost approach?
A. The cost approach is preferred for older construction properties, as calculating depreciation on them is fairly straightforward.
B. The cost approach is typically used to appraise income-generating properties.
C. The cost approach is preferred for newer construction properties, as the appraiser would not need to make a subjective estimation of the accrued depreciation of the building.
D. The cost approach is useful for the appraisal of property types for which sales and income data are scarce, such as industrial and special-purpose properties.
正解：A
質問 4：
In a commercial transaction, which of the following is NOT a responsibility of the lawyer?
A. Review of financial statements
B. Remedy of title issues
C. Review of the Agreement of Purchase and Sale
D. Exchange of legal documents
正解：A
質問 5：
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 calling a general meeting within 21 days to appoint a new board of directors.
B. The developer will be responsible for much of the day-to-day management of the condominium corporation's affairs after the turnover meeting.
C. The developer will be responsible for overseeing the business affairs of the condominium corporation after the turnover meeting.
D. The developer will be responsible for registering the declaration and description and creating the plan and vision for the property.
正解：D
質問 6：
A seller client wants to know the actual size of their unit to avoid any discrepancies. How should the salesperson assist the client?
A. Add a disclaimer to protect the seller from any discrepancy.
B. Use a laser measuring device to take the measurements.
C. Recommend the services of third-party professionals to measure it.
D. Tell the seller the usable size is 80 percent of the rentable size.
正解：C
質問 7：
The balance sheet of a business helps investors understand its stability and assess financial risk. A balance sheet includes details about all of the following, EXCEPT:
A. Assets
B. Net operating income
C. Liabilities
D. Shareholder's equity
正解：B
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