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Ch 41 quiz Question and answers already passed 2024/2025 $13.49   Add to cart

Exam (elaborations)

Ch 41 quiz Question and answers already passed 2024/2025

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  • Course
  • Property management
  • Institution
  • Property Management

Ch 41 quiz Question and answers already passed 2024/2025 Ch 41 quiz A property manager is responsible to ________. - correct answer the property owner and tenants. The Institute for Real Estate Management (IREM) was created as a subsidiary group of _______. - correct answer National A...

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  • September 30, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ch 41 quiz
  • Property management
  • Property management
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flyhigher329
Ch 41 quiz

A property manager is responsible to ________. - correct answer ✔the
property owner and tenants.


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.


When a property manager or management company performs real-estate-
related tasks (such as collecting rent) for one owner, and that owner is paying
the manager a salary, the property manager __________. - correct answer
✔is not required to have a real estate license.


When setting up a rent schedule, a property manager should analyze all of the
following EXCEPT - correct answer ✔new home sales.


What is an important task for a manager of a condominium or cooperative? -
correct answer ✔Physically managing the property


Which of these usually contributes to the property manager's fee? - correct
answer ✔Percentage of rental income


Which IREM designation is reserved for individuals who meet a certain level
of education and experience? - correct answer ✔CPM

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