100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
REAL Question and answers verified to pass 2024/2025 $13.99   Add to cart

Exam (elaborations)

REAL Question and answers verified to pass 2024/2025

 5 views  0 purchase
  • Course
  • Property management
  • Institution
  • Property Management

REAL Question and answers verified to pass 2024/2025 REAL-370 Ch. 21 1. The Institute of Real Estate Management (IREM) awards which of the following designations? - correct answer b. CPM 2. A contractual relationship in which an individual must act in the best interests of a principal whe...

[Show more]

Preview 1 out of 2  pages

  • September 30, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • real
  • Property management
  • Property management
avatar-seller
flyhigher329
REAL-370 Ch. 21
1. The Institute of Real Estate Management (IREM) awards which of the
following designations? - correct answer ✔b. CPM


2. A contractual relationship in which an individual must act in the best
interests of a principal when dealing with a third party is termed: - correct
answer ✔a. An agency relationship


3. The requirement of a real estate property manager to act in the best
interests of the landlord when dealing with a tenant is termed: - correct
answer ✔c. A fiduciary responsibility


4. Which of these is not typically a responsibility of a property manager? -
correct answer ✔d. Income tax analysis


5. Remodeling and rehabilitation: - correct answer ✔c. Are expected to add
value to the property if undertaken


6. Both the owner and the manager may be better off if property management
compensation were based on a percentage of the property's: - correct answer
✔c. Net operating income.


7. The following are necessary for a lease to be valid, except: - correct
answer ✔c. Tenant's contact phone number, or address, in the event of an
emergency.


8. The asset manager is generally NOT responsible for: - correct answer ✔c.
Making maintenance decisions

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller flyhigher329. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83637 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.99
  • (0)
  Add to cart