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Updated: Aug 08, 2026
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Humber College PREX-1060A Exam Overview:
| Certification Vendor: | Humber College |
| Exam Name: | Exam 4: Invigilated Theory Exam |
| Exam Number: | PREX-1060A |
| Passing Score: | 75% |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Exam Price: | Not publicly disclosed |
| Related Certifications: | PREX-1010A PREX-1030A PREX-1036A |
| Real Exam Qty: | 120 |
| Certificate Validity Period: | 3 years |
| 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 |
Humber College PREX-1060A Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Contribution Rules and Limits | 25% | - Carry-forward provisions - Annual and lifetime contribution limits - Excess contributions and penalties |
| Plan Administration and Compliance | 10% | - Reporting requirements - Responsibilities of providers and subscribers - Plan termination rules |
| Government Grants and Incentives | 20% | - Canada Learning Bond (CLB) - Canada Education Savings Grant (CESG) - Provincial programs |
| RESP Fundamentals | 30% | - Definition and purpose of RESP - Basic rules and regulations - Key parties involved |
| Withdrawals and Distributions | 15% | - Educational vs non-educational withdrawals - Tax treatment - Impact on grants |
Humber College Exam 4: Invigilated Theory Sample Questions:
1. A salesperson is helping a buyer client to purchase a piece of vacant land to develop in the future. The salesperson recommends that the buyer consult with a third-party professional because the salesperson cannot provide the service with reasonable knowledge, skill, judgment, and competence. Which of the following is NOT a professional the salesperson would likely recommend to the buyer?
A) A legal consultant who specializes in evicting residential tenants
B) A consultant in a financial institution
C) An appraiser with Accredited Appraiser Canadian Institute (AACI) designation
D) A zoning specialist in the city's planning department
2. Which of the following is most likely to be a factor in an appraisal for an industrial property?
A) Amount of advertising and publicity
B) Proximity to museums and historical sites
C) Price trend for detached homes in nearby neighborhoods
D) Access to raw materials used in the region
3. A salesperson is representing a commercial landlord in a lease negotiation. The landlord wants to sign back the offer with a higher rent. What should the salesperson make the landlord aware of regarding the rent increase?
A) The rent increase can be any amount.
B) The rent increase can be challenged by the Landlord and Tenant Board.
C) The rent increase cannot be higher than the guideline set by the government.
D) The rent increase cannot be more than the Consumer Price Index (CPI).
4. Asset sale and share sale are two different ways to sell a business. Which statement describes an asset sale?
A) The seller benefits from a tax standpoint since any gain to the seller on the sale will be considered under the capital gains tax exemption.
B) The buyer is eligible for tax deductions and benefits by claiming capital cost allowance on depreciable property.
C) The buyer replaces the seller as the owner of the corporation.
D) The buyer assumes all assets and accepts all liabilities of the business.
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) Gantry crane
B) Jib crane
C) Bridge crane
D) Overhead crane
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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