Humber/Ontario Real Estate Course 1 Exam Practice

Which of the following is NOT correct regarding mixed-use and multi-unit buildings?

1. A mixed-use building must include either an industrial use or an agricultural use.

2. A multi-unit building could include either residential units or commercial units.

3. A low density, walk-up residential building with several units is best described as a multi-unit building.

4. A structure that includes seven commercial uses and 25 residential uses is best described as a mixed-use building.

5. Mixed-use buildings often include both residential and commercial spaces.

6. Multi-unit buildings can also be known as multi-family homes.

The correct answer is: A mixed-use building must include either an industrial use or an agricultural use.

The assertion regarding mixed-use buildings requiring either industrial or agricultural use is not correct. Mixed-use buildings are primarily characterized by a combination of residential and commercial spaces within the same structure or development. They often include residential units alongside retail shops, offices, or service-oriented businesses, but do not necessitate the presence of industrial or agricultural uses. In contrast, the other statements align with the established definitions within real estate contexts. A multi-unit building is appropriately described as containing multiple residential or commercial units, and low-density walk-up buildings fit the definition of multi-unit buildings. Additionally, a structure with numerous commercial and residential uses clearly exemplifies a mixed-use building, which is often designed to foster both living and shopping experiences in proximity. Furthermore, multi-unit buildings, commonly referred to as multi-family homes, reinforce the idea of housing multiple families in a single structure.