Humber Polytechnic (RECO-approved)
Humber Course 4 Exam Practice Questions
Exam 4: Commercial Real Estate Transactions
Course 4 covers listing, selling and leasing office, retail, industrial and agricultural property, commercial condominiums, development land and the sale of a business. Exam 4 is a three-hour invigilated theory exam.
86 questions in our bank are tagged to this exam.
Humber Course 4 Exam at a Glance
Every figure below is from Humber Real Estate Education — Salesperson Program, Pre-Registration Phase, checked 2026-09-22.
| Exam length | 3 hours, invigilated |
| Delivery | Online — proctored virtually or in person (Meazure Learning) |
| Exam fee | $120 per attempt |
| Course fee | $360 (eLearning, ~70 hours) |
| Question count / pass mark | Not published by Humber |
What Humber Polytechnic says it covers
- 1.Introducing Commercial Real Estate
- 2.Understanding Commercial Construction
- 3.Identifying Requirements for Office and Retail Properties
- 4.Preparing to Sell Office and Retail Properties
- 5.Preparing to Sell Commercial Condominiums
- 6.Identifying Requirements for Industrial Properties
- 7.Preparing to Sell Industrial Properties
- 8.Viewing Office, Retail, or Industrial Properties with your Client
- 9.Completing Agreements of Purchase and Sale for Office and Retail Properties
- 10.Completing Agreements of Purchase and Sale for Commercial Condominiums
- 11.Completing Agreements of Purchase and Sale for Industrial Properties
- 12.Preparing to Lease Office, Retail and Industrial Properties
- 13.Transactions Involving Commercial Leasing
- 14.Transactions Involving Development Land and Farms
- 15.Transactions Involving Brokering the Sale of a Business
Practice questions for this exam
What type of commercial property would most likely use a percentage lease structure?
Commercial
A retail tenant's lease sets base rent at $25 per square foot, rising 3% each year after the first, plus percentage rent of 6% of gross sales over $500,000. The tenant occupies 2,000 square feet and has $800,000 in sales in the first lease year. What is the total rent for the first year?
Commercial
Under TRESA in Ontario, what must a salesperson do before providing services to a prospective seller of a commercial property?
Commercial
Under RECO regulations in Ontario, what is required when a registrant discovers a material latent defect in a commercial property during the listing period?
Commercial
A buyer pays $2,000,000 for a commercial property in Toronto. Counting both Ontario Land Transfer Tax and Toronto's Municipal Land Transfer Tax, what is the combined tax as a percentage of the price?
Commercial
A buyer is purchasing a commercial property in Ontario. Compared with the Registry system, what protection does the Land Titles system give the buyer?
Commercial
A commercial property generates $120,000 in annual rental income with operating expenses of $35,000. If the property was purchased for $850,000, what is the capitalization rate?
Commercial
An investor is analyzing two similar commercial properties: Property A has an NOI of $95,000 and asks $1,100,000; Property B has an NOI of $78,000 and asks $900,000. Assuming similar risk profiles, which represents the better investment opportunity based on cap rates?
Commercial
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Frequently Asked Questions
How long is Humber Exam 4?
Humber lists Exam 4 as a three-hour invigilated theory exam covering Course 4. It is written online, proctored virtually or in person, through Meazure Learning.
How much does Humber Exam 4 cost?
$120 per attempt, payable to Meazure Learning, on top of the course fee. Humber's program page is the source for both figures.
How many questions are on Humber Exam 4, and what is the pass mark?
Humber's public program page does not publish the question count or pass mark, and we do not invent them. The Learner Examination Handbook you receive on registration is the authoritative source.