MPSA & CPM EXAM PREP QUESTIONS WITH
VERIFIED ANSWERS
A management plan consists of two types of midstream analyses:
1.
2. - Answers - 1. As Is Analysis
2. Alternative Analysis
3 Parts of the As Is Analysis
1.
2.
3. - Answers - 1. Property Analysis
2. Financial Analysis
3. Market Analysis
2 Parts of the property analysis portion of the As Is Analysis - Answers - 1. Physical
Description
2. Management Description
4 parts of the financial analysis of the As Is Analysis - Answers - 1. Operating History
and Pro Forma
2. Current Market Value and Equity
3. Loan Analysis
4. Four Tests: cash on cash, value enhancement, NPV, and IRR
3 parts of the market analysis of the As Is Analysis - Answers - 1. Region Analysis
2. Neighborhood Analysis
3. Marketing Plan
This is essentially a "mini plan." It should be 2-3 pages long and should restate the key
points of each section of the plan. - Answers - Executive Summary
1st part of the executive summary includes: - Answers - owner, goals, and property
2nd part of the executive summary includes: - Answers - summaries of the keys points
of each section in the 1st paragraph
Conclusion of the executive summary includes: - Answers - final recommendation for
ownership
Define:
Amount of space available in the market - Answers - Supply
Define:
, Net change in the amount of occupied space from one period to the next - Answers -
Absorption
Define:
Occupancy rate at which rents are just sufficient to cover expenses and debt service -
Answers - Break-Even Point
Define:
Amount of occupied space and vacancy expected when market rents are stable -
Answers - Demand
Define:
A building's percentage of the total supply in the area - Answers - Market Share
Which of the following are types of rent setting methods? - Answers - A & B
The ________________ of an advertising medium should be the largest possible
amount of prospects within the target market - Answers - reach
What report logs each prospect's visit to a property or contact had with that prospect? -
Answers - Traffic Report
Which law protects public from aggressive third party debt collectors? - Answers - Fair
Debt Collection Practices Act
Which law prevents discrimination based on race, color, religion, origin, sec, handicap,
and familial status? - Answers - Fair Housing
Which law requires landlord to inform an applicant if a credit bureau will be investigating
them? - Answers - Fair Credit Reporting Act
Which law curbs identity theft by governing the use of credit reports and personal data?
- Answers - Fair and Accurate Credit Transactions Act
Which law sets the rights and responsibilities of landlords and tenants at a state and
local level? - Answers - Landlord-Tenant Law
Which of the following are behavioral interview questions? Select all that apply.
1. Tell me about a time when you had to deal with a nonpayment of rent situation
2. What are the steps to update a property's twitter feed?
3. How did you handle multitasking at your last job?
4. Tell me how you would deal with a dissatisfied tenant.
5. What is the procedure for fixing a leaking faucet? - Answers - 1, 2, 3
This approach to discipline involves the employee participating in coming up with
solutions to the problem. - Answers - Positive Discipline
VERIFIED ANSWERS
A management plan consists of two types of midstream analyses:
1.
2. - Answers - 1. As Is Analysis
2. Alternative Analysis
3 Parts of the As Is Analysis
1.
2.
3. - Answers - 1. Property Analysis
2. Financial Analysis
3. Market Analysis
2 Parts of the property analysis portion of the As Is Analysis - Answers - 1. Physical
Description
2. Management Description
4 parts of the financial analysis of the As Is Analysis - Answers - 1. Operating History
and Pro Forma
2. Current Market Value and Equity
3. Loan Analysis
4. Four Tests: cash on cash, value enhancement, NPV, and IRR
3 parts of the market analysis of the As Is Analysis - Answers - 1. Region Analysis
2. Neighborhood Analysis
3. Marketing Plan
This is essentially a "mini plan." It should be 2-3 pages long and should restate the key
points of each section of the plan. - Answers - Executive Summary
1st part of the executive summary includes: - Answers - owner, goals, and property
2nd part of the executive summary includes: - Answers - summaries of the keys points
of each section in the 1st paragraph
Conclusion of the executive summary includes: - Answers - final recommendation for
ownership
Define:
Amount of space available in the market - Answers - Supply
Define:
, Net change in the amount of occupied space from one period to the next - Answers -
Absorption
Define:
Occupancy rate at which rents are just sufficient to cover expenses and debt service -
Answers - Break-Even Point
Define:
Amount of occupied space and vacancy expected when market rents are stable -
Answers - Demand
Define:
A building's percentage of the total supply in the area - Answers - Market Share
Which of the following are types of rent setting methods? - Answers - A & B
The ________________ of an advertising medium should be the largest possible
amount of prospects within the target market - Answers - reach
What report logs each prospect's visit to a property or contact had with that prospect? -
Answers - Traffic Report
Which law protects public from aggressive third party debt collectors? - Answers - Fair
Debt Collection Practices Act
Which law prevents discrimination based on race, color, religion, origin, sec, handicap,
and familial status? - Answers - Fair Housing
Which law requires landlord to inform an applicant if a credit bureau will be investigating
them? - Answers - Fair Credit Reporting Act
Which law curbs identity theft by governing the use of credit reports and personal data?
- Answers - Fair and Accurate Credit Transactions Act
Which law sets the rights and responsibilities of landlords and tenants at a state and
local level? - Answers - Landlord-Tenant Law
Which of the following are behavioral interview questions? Select all that apply.
1. Tell me about a time when you had to deal with a nonpayment of rent situation
2. What are the steps to update a property's twitter feed?
3. How did you handle multitasking at your last job?
4. Tell me how you would deal with a dissatisfied tenant.
5. What is the procedure for fixing a leaking faucet? - Answers - 1, 2, 3
This approach to discipline involves the employee participating in coming up with
solutions to the problem. - Answers - Positive Discipline
