Updated: Aug 07, 2026
No. of Questions: 108 Questions & Answers with Testing Engine
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| Certification Vendor: | Humber College |
| Exam Name: | Exam 4: Invigilated Theory Exam |
| Exam Number: | PREX-1060A |
| Exam Format: | Multiple Choice |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 120 |
| Certificate Validity Period: | 3 years |
| Exam Price: | Not publicly disclosed |
| Related Certifications: | PREX-1010A PREX-1030A PREX-1036A |
| Available Languages: | English |
| Passing Score: | 75% |
| Recommended Training: | Humber College RESP Pre-Registration Training Program |
| Exam Registration: | Humber College Registration Portal |
| Sample Questions: | Humber College PREX-1060A Sample Questions |
| Exam Way: | Onsite invigilated exam at authorized Humber College test centres |
| Pre Condition: | Completion of PREX-1010A, PREX-1030A and PREX-1036A; relevant industry training or experience |
| Official Syllabus URL: | https://humber.ca |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: RESP Fundamentals | 30% | - Basic rules and regulations - Key parties involved - Definition and purpose of RESP |
| Topic 2: Plan Administration and Compliance | 10% | - Plan termination rules - Reporting requirements - Responsibilities of providers and subscribers |
| Topic 3: Government Grants and Incentives | 20% | - Canada Learning Bond (CLB) - Canada Education Savings Grant (CESG) - Provincial programs |
| Topic 4: Withdrawals and Distributions | 15% | - Tax treatment - Educational vs non-educational withdrawals - Impact on grants |
| Topic 5: Contribution Rules and Limits | 25% | - Excess contributions and penalties - Annual and lifetime contribution limits - Carry-forward provisions |
1. A salesperson is negotiating a lease for a new retail tenant and reviewing the requirements and restrictions regarding the delivery of stock items. Which of the following is NOT a correct statement regarding stock delivery requirements and restrictions in a commercial lease?
A) The salesperson is responsible for negotiating the tenant's stock delivery window.
B) Should a delivery truck arrive during an emergency, the property manager must be available.
C) The salesperson is responsible for addressing site access and exit in the tenant's agreement to lease.
D) Stock delivery cannot be restricted in a commercial agreement to lease.
2. A buyer client and their salesperson are doing a visual check of the industrial property that the buyer is planning to purchase. When they get to the rear of the property, the salesperson observes a potential source of contamination. Which of the following factors is likely the cause of concern for the salesperson?
A) There is a residential neighborhood and playground nearby.
B) The neighboring property includes a restaurant, a dental clinic, and a law office.
C) The office building next door has an overflow parking lot.
D) There is vacant land nearby with a small pond with discolored standing water.
3. What should a salesperson do if they are unable to secure documentation to verify the usable and rentable areas of a property?
A) Recommend that the landlord obtain the professional services of a measuring company to obtain the figures
B) Use a laser measuring tool to take the measurements and use the R/U factor to calculate the figures
C) Use the R/U factor to calculate the figures
D) Use a laser measuring tool to take the measurements
4. Finish the sentence: When a commercial tenant enters an agreement to lease, the covenant to pay rent specifies that the tenant:
A) Cannot pay rent to the property manager and must pay directly to the property owner.
B) Agrees to pay additional rent for a gross lease.
C) Agrees to pay any percentage rent a landlord demands, regardless of sales revenue.
D) Cannot withhold rental payments even if the landlord does not comply with their obligations under the lease.
5. A buyer is interested in constructing a retail building and wants to use the most efficient method to save time and money. Which statement is true with regard to tilt-up wall panels and pre-cast panels?
A) Pre-cast panels cost much more than tilt-up panels.
B) Both tilt-up panels and pre-cast panels are formed off-site.
C) Pre-cast panels are more durable than tilt-up panels.
D) Both tilt-up panels and pre-cast panels can lower construction costs.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |
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