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Texas Real Estate Property Management Exam Questions and Answers (latest Update 2023)
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Texas Real Estate Property Management Exam Questions and Answers (latest Update 2023)
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Texas Real Estate Property ManagementExam Questions and Answers (latest
Update 2023)
Candidates for a CPM certification must meet the criteria
established by: - Correct Answer ✅ IREM
An Advisory Services Specialist would be a member of _______
- Correct Answer ✅ SIOR
Which organization would you turn to in order to obtain rental
forms for Texas apartment housing? - Correct Answer ✅
TAA
Which of the following factors is unimportant in determining
the amount of rent a landlord could charge? - Correct
Answer ✅ Corporate entity
What should a landlord do if it becomes necessary to reduce
rent to fill vacancies? - Correct Answer ✅ Reduce the
length of lease terms
,Texas Real Estate Property Management
Exam Questions and Answers (latest
Update 2023)
When a property manager has funds in an account designed
to pay for emergency items, the account is known as a
________. - Correct Answer ✅ Reserve
Who maintains the physical integrity of the property and
develops a plan for building adequate reserves for
replacement? - Correct Answer ✅ The property manager
If there is a person who works for both the property owner
and the property manager, what document defines whose
employee the person is? - Correct Answer ✅ The
management agreement
What is the most important thing to do when implementing a
marketing plan? - Correct Answer ✅ stay with the plan long
enough for it to work
Regulation Z is which of the following? - Correct Answer ✅
The Truth in Lending Act
, Texas Real Estate Property Management
Exam Questions and Answers (latest
Update 2023)
When marketing residential properties, direct mail should be
used _____________. - Correct Answer ✅ to reach specific
audiences
What could the rent increase be tied to? - Correct Answer
✅ The Consumer Price Index (CPI)
What is the component of the business plan that includes
staffing, startup budget, and sales forecasts? - Correct
Answer ✅ The Financial Plans
What item will most likely be the most expensive equipment
for the office? - Correct Answer ✅ Telephones
What is the first thing you should do when starting a property
management business? - Correct Answer ✅ Put together a
business plan
What is an escalation clause? - Correct Answer ✅ A lease
clause that allows for set increases in rent
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