A client wants to reduce the property’s hazard insurance coverage substantially, in order to save money on the premiums. If the property manager tries to arrange this, the insurance company might:
1 points
QUESTION 2
A continuous operation provision in a lease is most likely to apply to:
1 points
QUESTION 3
A conversion ratio measures:
1 points
QUESTION 4
A developer builds a large office tower in a city where there is a shortage of office space and rents are high. This will:
1 points
QUESTION 5
A difficult and tight-fisted client is making it just about impossible for Serena to maintain and operate the property in compliance with landlord-tenant laws and other legal requirements. Assuming that their management agreement is typical, which of the following is correct?
1 points
QUESTION 6
A lease in which all of the operating expenses are passed through to the tenant is called a:
1 points
QUESTION 7
A maintenance employee assaulted one of the tenants in a building that Clive manages. Clive hired and supervised the employee. Regarding Clive’s potential liability in connection with this incident, which of the following is correct?
1 points
QUESTION 8
A maintenance request form for tenants to fill out should include:
1 points
QUESTION 9
A new client who just inherited a commercial building has told her property manager that she doesn’t plan to sell the property, but her primary financial goal is a quick, high return. In this situation, the manager should:
1 points
QUESTION 10
A new commercial tenant is requesting build-out work that will cost more than the agreed improvement allowance. The property manager should:
1 points
QUESTION 11
A property manager has a legal obligation to protect and promote her client’s interests. This is because the manager:
1 points
QUESTION 12
A property manager is preparing a management plan for a new client’s property. The manager’s property analysis:
1 points
QUESTION 13
A property manager is deciding on a marketing plan for a vacant retail space. How much advertising will be needed in order to find the next tenant for the space is most likely to be affected by:
1 points
QUESTION 14
A property manager is doing a preliminary study in order to prepare a management plan. As usual, the preliminary study will involve five main categories of analysis. These categories include all of the following, except:
1 points
QUESTION 15
A property manager may suggest physical changes to a client’s property in order to correct or address different forms of depreciation. Which of the following is true?
1 points
QUESTION 16
A property manager needs a bad debt and vacancy factor for a residential property’s annual operating budget. She is most likely to:
1 points
QUESTION 17
A property manager rejected a rental application for a retail space because of the applicant’s race. Was this legal or illegal?
1 points
QUESTION 18
A property manager records rents collected from tenants when they are actually paid (not merely owed), but he records certain operating expenses as they accrue (as opposed to when they’re paid). This manager is using the:
1 points
QUESTION 19
A property manager should not give “welcome to the building” gifts to new tenants:
1 points
QUESTION 20
A property manager’s rent collection records should include:
1 points
QUESTION 21
A rental application form or packet should include:
a.
an inquiry regarding race, ethnic background, familial status, and disability, to enable the manager to demonstrate Fair Housing Act compliance
b.
an authorization for a citizenship status check, signed by the applicant, for Patriot Act compliance
c.
an authorization for a credit check (and a criminal background check, if desired), signed by the applicant, for FCRA compliance
d.
an authorization for entry without notice in emergencies, signed by the applicant, for URLTA compliance
1 points
QUESTION 22
A residential lease should be signed by:
1 points
QUESTION 23
A residential property manager looking for new tenants for a single-family rental house rejects an application from two men because she thinks they are gay. Which of the following is true?
1 points
QUESTION 24
A retail space that is separate from a mall’s main shopping area but still within the boundaries of the parking lot is called:
1 points
QUESTION 25
A tenant who pays rent on a monthly basis has abandoned the leased space when there are still six months remaining in the lease term. In this situation:
1 points
QUESTION 26
Administrative regulations:
1 points
QUESTION 27
After an apartment building’s operating expenses and mortgage payment have been paid, the amount of money left over from the rents collected that month is called the:
1 points
QUESTION 28
All of the following statements about industrial parks are correct, except:
1 points
QUESTION 29
All of the following investor-owners would be likely to hire a professional property manager, except:
1 points
QUESTION 30
An R/U ratio is often used to determine:
1 points
QUESTION 31
An asset manager’s services would include:
1 points
QUESTION 32
“Any allocation of funds that is expected to generate a profit for the owner” is a definition of:
1 points
QUESTION 33
Anya is preparing a management plan for an office building. In her regional analysis, Anya is likely to be especially interested in data concerning:
1 points
QUESTION 34
As a general rule, and without reference to specific provisions in the lease agreement, notice of termination is required:
1 points
QUESTION 35
As a general rule, empl
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Paul 2021-05-28 18:35:09 2021-05-28 18:35:09 100 question test in cal real estate property management need help asap 4