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Property Management Mock Exam Question and answers correctly solved 2024/2025 Property Management Mock Exam #4 The demand for professional property management around the end of the nineteenth century resulted primarily from - correct answer the invention of the high-speed elevator---Also steel framed buildings, development of suburban areas and investment opportunities. What organization awards the designation Certified Property Manager (CPM)? - correct answer Institute of Real Estate...

DC Property Managers Study Guide with questions Solved with Verified Answers Management Plan - ANSWER Assists the owner in meeting their goals while maximizing the property's value and return. The plan describes in detail the subject property's current use along with it's physical condition, fiscal projections, and operational issues (includes an analysis of the market regional & neighborhood). Organizational and educational programs available to assist in enhancing the property manage...

RPM PRACTICE STUDY TEST 2024 Which of the following types of real estate properties utilizes more professional property managers A. Indsutrial B. Commercial C. Special purpose D. Residential - correct answer D The professional property manager formulates plans to A. generate the most amount of money B. achieve the objectives of the owner C. maintain 100% building occupancy D. enhance the prestige of the company - correct answer B The construction of multifamily unit ownership...

barter - Answer the form of trade in which a good or service is traded for another good or service, as agreed upon by the people doing the trading. *first form of trade* cash exchanges - Answer a form of trade in which cash, a way to place an abstract value on a *product* or *service* that allows for relatively *easy exchanges*, is exchanged for a good or service. central places - Answer the idea by *Walter Christaller* in the 1930s that different types of stores tend to cluster into...

REAL ESTATE 2024 QUESTIONS AND ANSWERS Real Estate Broker - Answer- a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson - Answer- a person who peforms real estate activities while associated with a licensed real estate broker. licensee - Answer- a person holding a valid real estate license appraiser - Answer- a person whos certified to estimate the value of a real property according to standardized principles of valuati...

Investment SAE Review Study Exam Questions & Answers. Which organization is responsible for reviewing site plans for new developments? - CORRECT ANSWER The local planning board or department reviews site plans to determine the proposed development's impact on the community—physical, social, and economic. An LOA of 10% means that assessments are _________. - CORRECT ANSWER At 10% of value. This simply means the property's level of assessment (LOA) is 10% of value. Gabi's been rese...

RECA Commercial Unit 2 Correctly Solved Exam [100% Correct] Commercial real estate properties exhibit several features that set them apart from other investment types. These features include the following: (x10) **Answer:** 1. They involve land 2. Transaction timelines are long 3. High transaction costs 4. Expensive assets 5. Durable, long-lasting properties 6. Heavily regulated 7. Prolonged production cycle 8. Require intensive management 9. Unique and heterogeneous as...

Texas SAE Real Estate Investment Question and answers correctly solved Which class of office building is aimed at tenants requiring functional space at below-average rents for the area? - correct answer Class C Class C office buildings command below-average rates for the area. They're functional, but not prestigious. With a triple net lease, the tenant pays _______ separately from the base rent. - correct answer Taxes, insurance, and maintenance When two very similar properties are...

DC Property Managers Study Guide (Answered) Management Plan - ANS Assists the owner in meeting their goals while maximizing the property's value and return. The plan describes in detail the subject property's current use along with it's physical condition, fiscal projections, and operational issues (includes an analysis of the market regional & neighborhood). Organizational and educational programs available to assist in enhancing the property manager's knowledge, identifying res...

MA Real Estate Exam Study Guide (2022/2023) Rated A+ Appraisal An estimation of a property's value, usually prepared by a professional who is licensed in this field. Brokerage The business of bringing people together in a real estate transaction. Commerical The types of properties that include office spaces, shopping centers, stores, theaters, hotels, parking facilities, etc. Development The term for the construction of improvements upon the land. Elevation Certificate Insurance agents are ...