Real Estate: Property Management Exam Questions/Answers
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Course
Real Estate: Property Management
Institution
Real Estate: Property Management
When a broker or property manager signs a contract to manage an owner's property he becomes a Correct Answer: Fiduciary
In establishing a client's trust account, a property manager must do all of the following Correct Answer: -control the receipts and disbursements on the account
-use pre-num...
real estate property management exam questionsanswers
real estate property management
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Real Estate: Property Management
Exam Questions/Answers
When a broker or property manager signs a contract to manage an owner's property
he becomes a Correct Answer: Fiduciary
In establishing a client's trust account, a property manager must do all of the
following Correct Answer: -control the receipts and disbursements on the account
-use pre-numbered checks for the account
-be an authorized signer on the account
An owner of real estate who engages a property manager to manage his property
must receive a copy of the signed property management agreement.... when?
Correct Answer: PROMPTLY
If a tenant's termination of tenancy occurs at the same time as the property
manager's termination of the applicable property management agreement... Correct
Answer: the property manager must complete a final accounting procedure
involving the tenant's security deposit unless the owner directs otherwise.
A licensed real estate property manager may authorize...?
I. another licensed property manager to supervise his property activity in his
absence
II. an unlicensed bookkeeper to supervise in his absence Correct Answer: I only
Oregon law requires that checks used to disburse funds deposited into a clients's
trust account be Correct Answer: pre-numbered
When evaluating the data in a neighborhood market survey, a residential property
manager will be most concerned with Correct Answer: trends in population
composition
Property managers are responsible for... Correct Answer: I. protecting the
condition of real estate
II. maximizing income from real property
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