Chapter 33 Question an answers rated A+ 2024/2025 Chapter 33
When the owner and property manager sign a management agreement, they are creating a - correct answer General agency.
Managers of condominiums are NOT responsible for - correct answer Prequalifying tenants.
What is a proper...
Chapter 33
When the owner and property manager sign a management agreement, they
are creating a - correct answer ✔General agency.
Managers of condominiums are NOT responsible for - correct answer
✔Prequalifying tenants.
What is a property manager's first responsibility to the owner? - correct
answer ✔Realize maximum profit.
To better achieve the owner's goal of return on investment and seeing a profit,
the property manager should - correct answer ✔Provide as many tenant
benefits as possible while staying within the budget.
Is the ISCC a professional property management organization? (YorN) -
correct answer ✔No
A property manager must be licensed if he or she - correct answer ✔is
working for more than one owner.
Which IREM designation is reserved for individuals who meet a certain level
of education and experience? - correct answer ✔CPM
Which type of budget is NOT necessary for the property manager to
establish? - correct answer ✔Unscheduled maintenance budget
A PUD would involve which type of property management? - correct answer
✔Condominium and cooperative management
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