REAL PROPERTY MANAGEMENT KNOWLEDGE CHECK COMPLETE QUESTIONS AND ANSWERS BUNDLED MATERIAL

REAL PROPERTY MANAGEMENT
KNOWLEDGE CHECK COMPLETE
QUESTIONS AND ANSWERS BUNDLED
MATERIAL

●● An Advisory Services Specialist would be a member of _______
Answer: SIOR


●● Which organization would you turn to in order to obtain rental forms
for Texas apartment housing?
Answer: TAA


●● Which of the following factors is unimportant in determining the
amount of rent a landlord could charge?
Answer: Corporate entity


●● What should a landlord do if it becomes necessary to reduce rent to
fill vacancies?
Answer: Reduce the length of lease terms


●● When a property manager has funds in an account designed to pay
for emergency items, the account is known as a ________.
Answer: Reserve

, ●● Who maintains the physical integrity of the property and develops a
plan for building adequate reserves for replacement?
Answer: The property manager


●● If there is a person who works for both the property owner and the
property manager, what document defines whose employee the person
is?
Answer: The management agreement


●● What is the most important thing to do when implementing a
marketing plan?
Answer: stay with the plan long enough for it to work


●● Regulation Z is which of the following?
Answer: The Truth in Lending Act


●● When marketing residential properties, direct mail should be used
_____________.
Answer: to reach specific audiences


●● What could the rent increase be tied to?
Answer: The Consumer Price Index (CPI)