Ch 5 Unit 11 Quiz Question and answers 100% correct 2024/2025
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Course
Property management
Institution
Property Management
Ch 5 Unit 11 Quiz Question and answers 100% correct 2024/2025 Ch 5 Unit 11 Quiz
The Institute for Real Estate Management (IREM) was created as a subsidiary group of - correct answer National Association of REALTORS®
Preventive maintenance - correct answer is a schedule of planned mainte...
Ch 5 Unit 11 Quiz
The Institute for Real Estate Management (IREM) was created as a subsidiary
group of - correct answer ✔National Association of REALTORS®
Preventive maintenance - correct answer ✔is a schedule of planned
maintenance actions aimed at the prevention of breakdowns and failures.
Which of the following would not be found in a management proposal? -
correct answer ✔Tenant credit histories
It is important for a property management agreement to include provisions
defining the responsibilities of - correct answer ✔the manager and owner.
A rental space may be unintentionally vacant due to - correct answer ✔a
high vacancy factor in the area.
What is a property manager's first responsibility to the owner? - correct
answer ✔Realize maximum profit.
Class A office buildings - correct answer ✔are newer buildings and offer
prestige to its occupants.
Which function is not performed by a property manager? - correct answer
✔Preparing the property deed
When a property manager or management company performs real-estate-
related tasks (such as collecting rent) for one owner, and that owner is paying
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