Property Management Licensing Exam
Test Questions and Correct Answers
(Verified Answers) plus Rationales
2025/2026 Q&A | Instant Download Pdf
1. What is the primary purpose of a lease agreement?
A. To establish property taxes
B. To define rights and responsibilities of landlord and tenant
C. To set mortgage interest rates
D. To appraise property value
Answer: B
Rationale: A lease outlines the legal rights and obligations of both parties.
2. What is rent?
A. Property tax payment
B. Payment for use of property
C. Maintenance fee only
D. Insurance premium
Answer: B
Rationale: Rent is compensation paid by a tenant for occupying property.
3. What is a security deposit?
A. Monthly rent payment
B. Advance payment held for damages or unpaid rent
C. Mortgage fee
D. Tax deduction
Answer: B
Rationale: Security deposits protect landlords from tenant damages or defaults.
,4. What is the primary responsibility of a property manager?
A. Building construction
B. Day-to-day management of rental property
C. Setting federal tax rates
D. Legal court representation
Answer: B
Rationale: Property managers handle operations and maintenance of properties.
5. What is maintenance in property management?
A. Property purchase
B. Upkeep and repair of property
C. Tenant eviction
D. Mortgage approval
Answer: B
Rationale: Maintenance ensures property remains in good condition.
6. What is preventive maintenance?
A. Repair after breakdown
B. Scheduled upkeep to prevent damage
C. Tenant screening
D. Rent collection only
Answer: B
Rationale: Preventive maintenance avoids costly repairs.
7. What is a lease termination?
A. Renewal of contract
B. Ending of lease agreement
C. Rent increase
D. Property purchase
Answer: B
Rationale: Lease termination ends tenant occupancy rights.
, 8. What is tenant screening?
A. Property appraisal
B. Evaluating potential tenants
C. Tax calculation
D. Maintenance inspection
Answer: B
Rationale: Screening assesses tenant reliability and risk.
9. What is credit check used for?
A. Property valuation
B. Assessing tenant financial reliability
C. Setting rent prices
D. Repairing property
Answer: B
Rationale: Credit checks help determine ability to pay rent.
10. What is eviction?
A. Lease renewal
B. Legal removal of tenant
C. Rent payment
D. Property inspection
Answer: B
Rationale: Eviction is the legal process of removing a tenant.
11. What is property inspection?
A. Buying property
B. Evaluating condition of property
C. Paying taxes
D. Setting rent
Answer: B
Rationale: Inspections assess maintenance needs and condition.
Test Questions and Correct Answers
(Verified Answers) plus Rationales
2025/2026 Q&A | Instant Download Pdf
1. What is the primary purpose of a lease agreement?
A. To establish property taxes
B. To define rights and responsibilities of landlord and tenant
C. To set mortgage interest rates
D. To appraise property value
Answer: B
Rationale: A lease outlines the legal rights and obligations of both parties.
2. What is rent?
A. Property tax payment
B. Payment for use of property
C. Maintenance fee only
D. Insurance premium
Answer: B
Rationale: Rent is compensation paid by a tenant for occupying property.
3. What is a security deposit?
A. Monthly rent payment
B. Advance payment held for damages or unpaid rent
C. Mortgage fee
D. Tax deduction
Answer: B
Rationale: Security deposits protect landlords from tenant damages or defaults.
,4. What is the primary responsibility of a property manager?
A. Building construction
B. Day-to-day management of rental property
C. Setting federal tax rates
D. Legal court representation
Answer: B
Rationale: Property managers handle operations and maintenance of properties.
5. What is maintenance in property management?
A. Property purchase
B. Upkeep and repair of property
C. Tenant eviction
D. Mortgage approval
Answer: B
Rationale: Maintenance ensures property remains in good condition.
6. What is preventive maintenance?
A. Repair after breakdown
B. Scheduled upkeep to prevent damage
C. Tenant screening
D. Rent collection only
Answer: B
Rationale: Preventive maintenance avoids costly repairs.
7. What is a lease termination?
A. Renewal of contract
B. Ending of lease agreement
C. Rent increase
D. Property purchase
Answer: B
Rationale: Lease termination ends tenant occupancy rights.
, 8. What is tenant screening?
A. Property appraisal
B. Evaluating potential tenants
C. Tax calculation
D. Maintenance inspection
Answer: B
Rationale: Screening assesses tenant reliability and risk.
9. What is credit check used for?
A. Property valuation
B. Assessing tenant financial reliability
C. Setting rent prices
D. Repairing property
Answer: B
Rationale: Credit checks help determine ability to pay rent.
10. What is eviction?
A. Lease renewal
B. Legal removal of tenant
C. Rent payment
D. Property inspection
Answer: B
Rationale: Eviction is the legal process of removing a tenant.
11. What is property inspection?
A. Buying property
B. Evaluating condition of property
C. Paying taxes
D. Setting rent
Answer: B
Rationale: Inspections assess maintenance needs and condition.
