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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 |
| Certificate Validity Period: | 3 years |
| Real Exam Qty: | 120 |
| Related Certifications: | PREX-1010A PREX-1030A PREX-1036A |
| Exam Price: | Not publicly disclosed |
| Exam Duration: | 120 minutes |
| Passing Score: | 75% |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Recommended Training: | Humber College RESP Pre-Registration Training Program |
| Exam Registration: | Humber College Registration Portal |
| Sample Questions: | DOWNLOAD DEMO |
| 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 |
|---|---|---|
| Topic 1: Plan Administration and Compliance | 10% | - Responsibilities of providers and subscribers - Reporting requirements - Plan termination rules |
| Topic 2: Withdrawals and Distributions | 15% | - Educational vs non-educational withdrawals - Impact on grants - Tax treatment |
| Topic 3: RESP Fundamentals | 30% | - Basic rules and regulations - Key parties involved - Definition and purpose of RESP |
| Topic 4: Contribution Rules and Limits | 25% | - Carry-forward provisions - Excess contributions and penalties - Annual and lifetime contribution limits |
| Topic 5: Government Grants and Incentives | 20% | - Canada Education Savings Grant (CESG) - Provincial programs - Canada Learning Bond (CLB) |
Humber College PREX-1060A Exam: What Candidates Want to Know
Humber College Exam 4: Invigilated Theory is an official Humber College certification exam, registered under the code PREX-1060A. Passing it awards the RESP Pre-Registration Phase certification, a credential at the Professional level. It also connects to PREX-1010A, PREX-1030A, PREX-1036A. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.
The Humber College Exam 4: Invigilated Theory exam presents 120 questions within 120 minutes. That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the ActualPDF engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.
Passing Humber College Exam 4: Invigilated Theory takes 75%, and official registration costs Not publicly disclosed. Retakes bill the full Not publicly disclosed again, so preparation is the least expensive insurance available. Let your ActualPDF practice scores guide the timing: book when you clear the requirement consistently, not occasionally.
Completion of PREX-1010A, PREX-1030A and PREX-1036A; relevant industry training or experience
Policies get revised, so confirm the current requirements before you register on the official exam page.
Humber College Exam 4: Invigilated Theory registration is handled through the official channels below.
For scheduling purposes: the exam is delivered Onsite invigilated exam at authorized Humber College test centres.
Yes, Humber College recommends the following training for Humber College Exam 4: Invigilated Theory candidates.
Complement any training with the 108 practice questions in the ActualPDF PREX-1060A package, because repeated application is what turns course knowledge into a passing score.
Yes. ActualPDF offers a free demo of the Humber College Exam 4: Invigilated Theory questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your money is protected by a 100% money-back guarantee with defined conditions. Take the Humber College Exam 4: Invigilated Theory exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, online 7/24 even on official holidays. Installation is unlimited across your computers.
Humber College Exam 4: Invigilated Theory is organized into 5 official domains. The most heavily weighted are RESP Fundamentals (30%), Plan Administration and Compliance (10%), and Government Grants and Incentives (20%). The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.
Humber College Exam 4: Invigilated Theory Sample Questions:
In regard to cash flow into and out of a business, which of the following is correct?
- A. Sales proceeds cash flow does not affect investor decisions.
- B. Operating cash flow is used when determining yield on an investment property, while sales proceeds cash flow is not used for this purpose.
- C. Operating cash flow can be positive or negative.
- D. Sales proceeds cash flow is used when determining yield on an investment property, while operating cash flow is not used for this purpose.
Correct Answer: C 🗳️
A salesperson must ensure that a buyer client is aware of all revenue sources and expenses related to the property they are interested in purchasing. Which of the following is an accurate statement regarding potential revenue sources for a commercial property?
- A. Retail commercial property owners have three types of potential rental income: base rent, additional rent, and percentage rent.
- B. Shopping centres with more than 150 stores typically have only two types of rental revenues to cover all the operating expenses of the property: base rent and additional rent.
- C. Every commercial property, whether an office building, an industrial property, a retail property, or land, has a single source of revenue, which is the base rent.
- D. Commercial office owners have only one type of potential rental income, which is percentage rent, as the owner themselves pay for the operating expenses of the property.
Correct Answer: A 🗳️
A salesperson is representing a seller of a pet food store and is preparing the marketing materials. Which of the following is a document the salesperson is required to provide to prospective buyersof the business?
- A. An income statement for the past 12 months or since the business was acquired.
- B. A list of customers who have purchased products in the last 60 months or since the business was acquired.
- C. A statement of the expenses for the business for the past year or since the business was acquired.
- D. A list of equipment, chattels, and fixtures that are included with the business.
Correct Answer: A 🗳️
A buyer client has hired a commercial appraiser to assess the market value of a fully tenanted commercial complex. The complex is mixed-use with retail on the main level and offices on the second and third levels. It is an older property with unique characteristics. Which of the following is NOT a correct statement regarding how the appraiser will determine the value of the property?
- A. The appraiser will assess how convenient it is to access the building and whether customers would be required to walk a significant distance within the mixed-use commercial complex to find a retailer.
- B. The appraiser will research similar buildings, as commercial properties are usually bought and sold on a dollar value per square foot.
- C. The appraiser will assess the layout of the complex, as it will directly establish the utility of the mixed- use building.
- D. The appraiser will research the layout of other types of commercial buildings to establish the utility of the mixed-use building.
Correct Answer: D 🗳️
Land developers purchase land for commercial, industrial, and residential projects. Tracts of land larger than five acres but smaller than 10 acres may appeal to land developers for various reasons. Which of the following is one of the reasons?
- A. They can be used for newly planned subdivisions.
- B. They are a good size for modern 18-hole golf courses.
- C. The developer cannot find a building lot to build a detached home.
- D. They are normally less expensive than pieces of land smaller than two acres in the same neighborhood.
Correct Answer: A 🗳️
