Unit 111 Question and answers correctly solved 2024/2025
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Course
Property management
Institution
Property Management
Unit 111 Question and answers correctly solved 2024/2025 Unit 11
When demand falls and the vacancy rates rise, the result is - correct answer fierce competition for tenants and reduced rental rates.
The Institute for Real Estate Management (IREM) was created as a subsidiary group of - cor...
Unit 11
When demand falls and the vacancy rates rise, the result is - correct answer
✔fierce competition for tenants and reduced rental rates.
The Institute for Real Estate Management (IREM) was created as a subsidiary
group of - correct answer ✔National Association of REALTORS®
"PUD" stands for - correct answer ✔Planned Unit Development
Which of the following would NOT be included on a property management
report? - correct answer ✔Employee handbook
Class A office buildings - correct answer ✔are newer buildings and offer
prestige to its occupants.
A property manager working for more than one owner - correct answer
✔should have a real estate license.
A stabilized budget is - correct answer ✔a budget which forecasts income
and expenses that can be projected over a short period of time, usually five
years.
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, - correct answer ✔the property manager is not
required to have a real estate license.
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