Property Management Question and answers verified to pass 2024/2025
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Course
Property management
Institution
Property Management
Property Management Question and answers verified to pass 2024/2025 Property Management - Ch. 1 Questions
The demand for professional property management that occurred in the late 1800s resulted primarily from
a. increasing concentration of retail activity in downtown urban areas.
b. reshap...
Property Management - Ch. 1 Questions
The demand for professional property management that occurred in the late
1800s resulted primarily from
a. increasing concentration of retail activity in downtown urban areas.
b. reshaping the urban center by building tall buildings with elevators.
c. increasing availability of land for development.
d. declining opportunities for investments in real property. - correct answer
✔b. reshaping the urban center by building tall buildings with elevators.
The traditional concentration of retail property in downtown areas became
decentralized as a result of
a. development of light industry in the suburbs.
b. evolution of the suburban shopping center.
c. development of multifamily apartment buildings.
d. expansion of public transportation - correct answer ✔b. evolution of the
suburban shopping center.
The growth of shopping centers has been stimulated by
a. declining construction costs.
b. population shifts to the suburbs.
c. urban renewal programs.
d. the International Council of Shopping Centers. - correct answer ✔b.
population shifts to the suburbs.
All of the following should be goals of the professional property manager
EXCEPT
a. generate income to the owner.
, b. maintain 100% occupancy.
c. increase value of the property.
d. accomplish the objectives of the owner. - correct answer ✔b. maintain
100% occupancy.
Which of the following professional organizations has the longest history?
a. National Apartment Association (NAA)
b. Institute of Real Estate Management (IREM)
c. Building Owners and Managers Association International (BOMA)
d. International Council of Shopping Centers (ICSC) - correct answer ✔c.
Building Owners and Managers Association International (BOMA)
Incubator spaces are MOST likely to be found in
a. loft buildings.
b. ministorage areas.
c. special-purpose properties.
d. research parks. - correct answer ✔d. research parks.
Examples of special-purpose properties includes
a. manufactured home parks.
b. loft buildings.
c. nursing homes.
d. enterprise zones. - correct answer ✔c. nursing homes.
Which of the following types of real estate properties utilizes more
professional property managers?
a. Industrial.
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