Champions -Property Management- SAE Latest
Update 2024-2025 210 Questions and 100%
Verified Correct Answers Guaranteed A+
____________ is every avenue a business pursues in order to reach out to the public to
be seen.
(a) Advertising
(b) Farming
(c) Aggregating
(d) Marketing - CORRECT ANSWER: d. Marketing
_____________ are charged to each client to cover all of the services the property
manager provides.
(a) Rental income
(b) Debt service
(c) Percentage rent
(d) Management fees - CORRECT ANSWER: d. Management fees
A property manager may not charge a late fee unless:
(a) It is clearly stated in the written lease
(b) Each tenant verbally agrees to pay a late fee for late rent
(c) It is in the amount clearly stated in the Texas Property Code
(d) The rent payment is more than 10 days late - CORRECT ANSWER: a. It is clearly
stated in the written lease
A solid, written rent collection policy should include:
(a) Suggestions for fire safety
(b) When to pay
(c) Repair request forms
,(d) Lease renewal policies - CORRECT ANSWER: b. When to pay
A written facility maintenance policy and procedures manual should include:
(a) The property's rent schedule
(b) A list of supplies and equipment to be kept on premises
(c) A profit and loss statement
(d) A copy of the Landlord and Tenant Act - CORRECT ANSWER: b. A list of supplies
and equipment to be kept on premises
A(n) __________ is a person who, for a fee, manages a property for someone else.
(a) Real estate agent
(b) Unlicensed assistant
(c) Real estate broker
(d) Property manager - CORRECT ANSWER: d. Property manager
Angelo has good reason to believe that one of his tenants might be utilizing his rental
property as an illegal marijuana grow house. What are some telltale signs that the
tenant is growing illegal marijuana?
(a) Disproportionate use of air conditioning
(b) An overgrown yard
(c) Dim lights during the evening hours
(d) Excessive water and electricity bills - CORRECT ANSWER: d. Excessive water and
electricity bills
Angelo's personal home was severely damaged by fire the previous year during a
lightning storm. The time and expense it took to clean out and repair his property has
left him a little nervous about the possibility that a similar situation could arise at one of
his rental properties. What type of insurance policy could Angelo take out to help protect
him from the financial hardships associated with restoring a damaged income property?
(a) Workers' Compensation Insurance
(b) General Liability Insurance
, (c) Business Interruption Insurance
(d) Renter's Insurance - CORRECT ANSWER: c. Business Interruption Insurance
Angelo's tenant moves out, and while he is visiting the property to make it ready for the
next one, a neighbor drops by and tells him that he suspects that the former tenant may
have been running a meth lab on the property. What should Angelo's first order of
business be?
(a) Tell the neighbor to mind his own business and that he will sue him if he repeats his
suspicions to the new tenant.
(b) Call a remediation contractor and have him begin cleaning the property immediately.
(c) Clean the property himself and hope for the best.
(d) Call a company that specializes in testing properties for contamination to come out
and test the home for meth contamination. - CORRECT ANSWER: d. Call a company
that specializes in testing properties for contamination to come out and test the home
for meth contamination
Equilibrium is said to be reached if:
(a) There is low supply and high demand.
(b) There is high supply and low demand.
(c) There is high supply and high demand.
(d) When interest rates are at their lowest point. - CORRECT ANSWER: c. There is high
supply and high demand
How much per year?
(a) $900,000
(b) $9,000
(c) $180,000
(d) $108,000 - CORRECT ANSWER: d. $108,000
How much will the property's monthly income increase if each unit's rent is raised by
$45 per month?
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