SAE Property Management (Texas) 2026
Exam Questions and Answers | A+
Score Assured
Which statement is correct? - 🧠 ANSWER ✔✔A. Property mgmt & real
estate brokerage are the same thing
B. All real estate brokers in Texas must allow sponsored agents to perform
property mgmt activities
*C. Some real estate brokers do not allow property mgmt activities by their
sponsored agents
D. Property mgmt is not considered a real estate brokerage activity in
Texas
,In Texas, agents need to be __________ in order to show, lease or accept
payment for soliciting space for property owners. - 🧠 ANSWER
✔✔Licensed
A(n) ________ is a person who, for a fee, manages a property for someone
else. - 🧠 ANSWER ✔✔Property manager
The four phases of a business cycle are prosperity, recession, contraction,
and ___________. - 🧠 ANSWER ✔✔Recovery
Equilibrium is said to be reached if: - 🧠 ANSWER ✔✔There is high supply
and high demand
Which statement is correct? - 🧠 ANSWER ✔✔*A. Real estate cycles can
take longer than the general economic cycle
B. Real estate cycles and general economic cycles always move at exactly
the same pace
C. General economic cycles always take longer than real estate cycles
D. No one can ever predict real estate or economic cycles
__________ is every avenue a business pursues in order to reach out to
the public to be seen. - 🧠 ANSWER ✔✔Marketing
, The ____________ is the physical location the product can be found. - 🧠
ANSWER ✔✔Place
The __________ include: product, promotion, price, and place. - 🧠
ANSWER ✔✔The Four P's of Marketing
Property management companies that operate under the __________ have
dedicated property managers who are involved with every aspect of the
properties they manage. - 🧠 ANSWER ✔✔Portfolio structure
_________ are charged to each client to cover all of the services the
property manager provides. - 🧠 ANSWER ✔✔Management fees
Which of the following is true? - 🧠 ANSWER ✔✔A. It is better to be
conservative on expenses and liberal on income
B. Owners do not usually mind if the actual budget far exceeds the
estimated budget
C. The actual budget and the estimated budget almost always match
exactly
*D. When budgeting for owners, property managers need to be
conservative on income and liberal on expenses
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
Exam Questions and Answers | A+
Score Assured
Which statement is correct? - 🧠 ANSWER ✔✔A. Property mgmt & real
estate brokerage are the same thing
B. All real estate brokers in Texas must allow sponsored agents to perform
property mgmt activities
*C. Some real estate brokers do not allow property mgmt activities by their
sponsored agents
D. Property mgmt is not considered a real estate brokerage activity in
Texas
,In Texas, agents need to be __________ in order to show, lease or accept
payment for soliciting space for property owners. - 🧠 ANSWER
✔✔Licensed
A(n) ________ is a person who, for a fee, manages a property for someone
else. - 🧠 ANSWER ✔✔Property manager
The four phases of a business cycle are prosperity, recession, contraction,
and ___________. - 🧠 ANSWER ✔✔Recovery
Equilibrium is said to be reached if: - 🧠 ANSWER ✔✔There is high supply
and high demand
Which statement is correct? - 🧠 ANSWER ✔✔*A. Real estate cycles can
take longer than the general economic cycle
B. Real estate cycles and general economic cycles always move at exactly
the same pace
C. General economic cycles always take longer than real estate cycles
D. No one can ever predict real estate or economic cycles
__________ is every avenue a business pursues in order to reach out to
the public to be seen. - 🧠 ANSWER ✔✔Marketing
, The ____________ is the physical location the product can be found. - 🧠
ANSWER ✔✔Place
The __________ include: product, promotion, price, and place. - 🧠
ANSWER ✔✔The Four P's of Marketing
Property management companies that operate under the __________ have
dedicated property managers who are involved with every aspect of the
properties they manage. - 🧠 ANSWER ✔✔Portfolio structure
_________ are charged to each client to cover all of the services the
property manager provides. - 🧠 ANSWER ✔✔Management fees
Which of the following is true? - 🧠 ANSWER ✔✔A. It is better to be
conservative on expenses and liberal on income
B. Owners do not usually mind if the actual budget far exceeds the
estimated budget
C. The actual budget and the estimated budget almost always match
exactly
*D. When budgeting for owners, property managers need to be
conservative on income and liberal on expenses
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
