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Ch.15 Property Management And Leasing Questions And Answers With Verified Solutions 100% Correct!!! $11.49   Add to cart
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Ch.15 Property Management And Leasing Questions And Answers With Verified Solutions 100% Correct!!!
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Ch.15 Property Management And Leasing Questions And Answers With Verified Solutions 100% Correct!!!

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  • November 20, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ch15 property management and leasing questions an
  • institute of real estate management irem
  • institute of real estate management irem
  • certified property manager cpm
  • accredited residential manager arm

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  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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Ch.15 Property Management And
Leasing Questions And Answers With
Verified Solutions 100% Correct!!!
Institute of real estate management (IREM) - ANSWER✔✔ formed by 100
companies, in 1933, under NAR to improve professional standards of property
managers

Certified property manager (CPM) - ANSWER✔✔ certified individual managers
rather than the companies that employed them to deal with the lax standards set by
IREM.

Accredited residential manager (ARM) - ANSWER✔✔ residential property
manager designation

Accredited management organization (AMO) - ANSWER✔✔ designation given
by IREM to a company.
-needs to have at least one CPM in charge
-have property management as primary activity
-follow minimum standards and the rules of IREM, and
-renew accreditation yearly

trust ledger - ANSWER✔✔ ledger of monies paid out on behalf of the owners.
these are charged against the income of the property

gross lease - ANSWER✔✔ tenant pays a fixed rental and the owner pays all of the
expenses for the property

net lease - ANSWER✔✔ the owner gets a net amount and property expenses are
paid by the tenant. payments are similar to annuity.

single net lease - tenant pays the taxes and base rent
double net lease - tenant pays for insurance, taxes, and bases rent
triple net lease - taxes, insurance, base rent, and the tenant is responsible for all
property maintenance and repairs

generally long leases and are often found in sale-leaseback agreements

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