Property Management SAE Final Exam Latest
Update 2024-2025 150 Questions and 100%
Verified Correct Answers Guaranteed A+
_________provides statistics about the size and distribution of the population, including
average incomes, levels of education, and spelling habits of people living in the local
area surrounding a residential or business community.
A) an economic base
B) a real estate cycle
C) a supply analysis
D) demographic info - CORRECT ANSWER: d) demographic info
.......is a type of casualty insurance
a. loss of rent
b. glass insurance
c. flood insurance
d. builders risk - CORRECT ANSWER: b
8) A ________ is a list of tenants, unit numbers, unit status, and lease information
A) vacancy report
B) rent roll
C) delinquency report
D) tenant mix report - CORRECT ANSWER: B) rent roll
A building between 75 and 491 feet is called a .... but higher than 491 feet is known as
a....
a. mid-rise/tower
b. high-rise/skyscraper
,c. mide-rise/skyscraper
d.high-rise/tower - CORRECT ANSWER: b.
A community center is anchored by:
a. discount department stores
b. residential property
c. home improvement stores
d. both a and c - CORRECT ANSWER: d.
A contract between the owner of real property and the property manager that defines
the rights and duties of the owner and manager and identifies the method and amounts
of payment to the manager for maintaining the property is known as an:
A) takeover agreement
B) property management agreement
C) working capital contract
D) alternative dispute resolution - CORRECT ANSWER: B) property management
agreement
A labor oriented industry depends on:
a. marketplace shifts
b. the availability of labor
c. raw materials
d. low transportation costs - CORRECT ANSWER: b.
A landlord may shut off utilities only in cases in which;
a. the tenant refuses to make timely payments
b. retaliatory action is necessary
c. repairs are necessary to the property
,d. the cost for utilities becomes too high - CORRECT ANSWER: c
A marketing technique that is used by many property management companies us one
that concentrates effort on key market segments. This known as:
A) Client segmentation
B) branding
C) geographic segmentation
D) target marketing - CORRECT ANSWER: D) target marketing
A property manager can get emergency preparedness information from which of the
following?
a. Federal Emergency Management Agency
b. Department of Homeland Security
c. Local jurisdiction
d. all of the above - CORRECT ANSWER: d
A property manager who is looking for the best response to maintenance requests
should hire
a. a resident manager
b. on-site maintenance staff
c. contractor
d. a subcontractor - CORRECT ANSWER: b.
A shopping center that does not have a roof enclosure is an:
a. arcade
b. open-air shopping center
c. food court
d. mall - CORRECT ANSWER: b.
, A store that attracts a large population of customers to a shopping center is the:
a. market tenant
b. draw tenant
c. big-box retailer
d. department store - CORRECT ANSWER: b
A tenant who rents space in a common area for a duration that is less than a year is
known as a... tenant
a. seasonal
b. perennial
c. annual
d. speciality - CORRECT ANSWER: a
A(n) clause is usually written in a lease in order to avoid costly and time-consuming
litigation. a. renewal option b. alternative dispute resolution c. escalation d. litigation -
CORRECT ANSWER: b.
A(n)__________ is used primarily to give the property owner information regarding the
types of retailers renting commercial property
A) tenant mix report
B) analysis of alternatives
C) property report
D) rent roll report - CORRECT ANSWER: A) tenant mix report
All of the following are examples of senior property management positions, except:
A) executive manager
B) property supervisor
C) asset manager
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