Property manageme Study guides, Class notes & Summaries

Property Management Exam With Verified Answers| 100% Correct| Grade A+ The demand for professional property management that occurred in the late 1800's resulted primarily from - Reshaping the urban center by building tall buildings with elevators The traditional concentration of retail property in downtown areas became decentralized as a result of - Evolution of the suburban shopping center The growth of shopping centers has been stimulated by - Population shifts to the suburbs All of th...

DC Property Management License Certification Questions and Answers 2024 The primary responsibility of a real estate property manager is to - CORRECT ANSWER-understand and implement the owner's goals and objectives If an apartment building has 20 one bedroom units which rent for $800 per month and 30 two bedroom apartments which rent for $1500 per month, what is the Gross Potential Rental Income per month? - CORRECT ANSWER-Gross Potential Rental Income per month calculation ($800 x...

Property Management Questions and Answers Already Passed What made it possible to build tall buildings on relatively small parcels of urban land? (a)Steel frame building and the perfection of the electric elevator (b)Advances in the pulley systems (c)The expansion of public transportation (d)The increase in automobile ownership a)Steel frame building and the perfection of the electric elevator For the purposes of studying specialized property management, real estate can be divided into four...

Property Management Questions and Answers Already Passed The first practical elevator powered by electric was the Otis elevator The farming invention that freed labor from agriculture and allowed the growth of cities was the ____________ moldboard plow An owner who hires a property manager benefits from, a. increased rents b. reduced vacancy factors c. reduced repair costs d. all All of the above Qualities of a good property manager include; a. people skills b. ability to prioritize c. ...

Property Management Questions and Answers Already Passed One business cycle consists of expansion, recession, contraction, and revival True Long-term business cycles occur regularly once a year. False Hurricanes and terrorist attacks are considered part of long-term movements. False The management plan considers the surrounding area, the subject property, and the owner's goals. True Real estate is not generally influenced by outside market forces. False When taking over a new property, the...

Property Management Latest Update with Certified Solutions Cash Flow Report the single most important financial report. A financial report showing the property's net operating income minus all additional disbursements such as debt service and capital improvements and the amount remitted to the owner. Cash flow An item in a property's financial operating reports that represents the net operating income minus all additional disbursements such as debt service and capital improvements. Anticipate...

Chapter 8 Property Management Questions and Answers Graded A To whom is a property manager responsible? to the owner and to the tenants of a property. What is the definition of a resident manager? Lives on the property and may be employed by a real estate broker, a managing agent or an owner to manage a property on a part-time or full-time basis. What is the difference btwn a management proposal and a management agreement? A management proposal is submitted to the owner for review before any f...

Property Management FINAL Exam Questions and Answers Graded A+ Your purpose in evaluating your employees should be to: Help in the employees' development. Items that should be included in an employee's file include: - employee's job application form. - information as to any verifications or checking on pre-employment. - a copy of the employee's employment contract. All of the above. A property manager does not want to hire any illegal aliens. To be on the safe side, the manager can prope...

Rental Property Management Comprehensive Licensing Test (2024) || With 100% Correct Solutions Rental Property Management Comprehensive Licensing Test (2024) || With 100% Correct Solutions 1. Which of the following statements respecting aspects of the British Columbia civil court system would be considered accurate? A. The next step for a disappointed litigant in a small claims dispute would be to appeal the small claims court decision to the BC Court of Appeal. B. A matter brought before ...

Property Manager's Role - Answer achieve the objectives of the property owners; generate income for the owners; and preserve and/or increase the value of the investment property. Current Challenges as Property Manager - Answer The most recent specialty is managing REOs, bank-owned real estate, as a result of so many housing foreclosures. Real Property - Answer surface of a parcel of land and moves on to the owner's rights to the air above the surface and the soil and minerals ...