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Licensing Exam Latest Updated
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Licensing Exam Latest Updated Property Manager - ANSWER-Hired by property owner to market, maintain, and oversee the day-to-day of the property. Often Rental. Absentee Owner - ANSWER-Property owner who does not occupy the property. Property Manager Responsibility - ANSWER-realize the highest ret...

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  • November 4, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Licensing Property Manager - ✔
  • Licensing Property Manager - ✔

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Licensing Exam Latest
Updated




Property Manager - ✔✔✔ANSWER-Hired by property owner to market, maintain,
and oversee the day-to-day of the property. Often Rental.


Absentee Owner - ✔✔✔ANSWER-Property owner who does not occupy the
property.


Property Manager Responsibility - ✔✔✔ANSWER-realize the highest return
possible on the owner's investment.


Market Analysis - ✔✔✔ANSWER-report that analyzes and assess the property,
region, and neighborhood


Fair Marketing - ✔✔✔ANSWER-Organizations cant pick and choose their tenants
based on factors like race or gender (Equal Housing)

, industrial property - ✔✔✔ANSWER-Warehouses, factories, Industry


Special-Purpose Property - ✔✔✔ANSWER-Church, School, Cemetery


residential property - ✔✔✔ANSWER-single-family or multifamily housing


Commercial Property - ✔✔✔ANSWER-land and buildings that produce income


Management Fees - ✔✔✔ANSWER-price an owner pays the manager or
management company


Percentage Fee - ✔✔✔ANSWER-fee paid to the manager based on the effective
gross income of the building. ex - rent and other revenue streams.


EGI - ✔✔✔ANSWER-Effective Gross Income


Flat Fee - ✔✔✔ANSWER-based on commission, fixed fee paid per unit, not based
on a percentage of the income.


Rental Agents - ✔✔✔ANSWER-finding tenants for units and handling leasing
affairs. Type of Property Manager.


CMA - ✔✔✔ANSWER-Comparative Market Analysis


BOV - ✔✔✔ANSWER-Broker opinion of value

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