REAL PROPERTY MANAGEMENT FINAL TEST PAPER COMPLETE QUESTIONS WITH ACCURATE SOLUTIONS

REAL PROPERTY MANAGEMENT FINAL
TEST PAPER COMPLETE QUESTIONS WITH
ACCURATE SOLUTIONS

●● which of the following best defines real property?
Answer: Land, including its subsurface and airspace above and all
improvements---Land from subsurface rights (oil, gas, mineral) to air
rights above plus all man made improvements (buildings, streets,
sewers) equals real property


●● The principle categories of commercial real estate are office property
and
Answer: retail property


●● What organization awards the designation certified property manager
(CPM)?
Answer: Institute of Real estate Management (IREM)


●● A major contributing factor to the decline of centralized commercial
districts was the
Answer: Development of suburban areas

, ●● Along with knowledge, experience, and expertise, the property
manager must have which of the following personal characteristics.
Answer: Honesty and Integrity


●● The professional property manager formulates plans to
Answer: achieve the objectives of the owner


●● The growth of shopping centers has been stimulated by
Answer: Population shifts to the suburbs


●● Examples of special-purpose properties include
Answer: Nursing homes


●● Incubator spaces are most likely to be found in
Answer: research parks


●● Housing prices have greatly increased in some parts of the country.
What are the consequences if people cannot afford to buy their housing?
Answer: greater demand for rental property


●● In a marketing analysis, the specific foal of a property manager is to
identify major economic trends and the