Real Estate: Property Management Exam Questions/Answers
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1. When a broker or property manager signs a con- Fiduciary
tract to manage an owner's property he becomes a
2. In establishing a client's trust account, a property -control the receipts and dis-
manager must do all of the following bursements on the account
-use pre-numbered checks for
the account
-be an authorized signer on the
account
3. An owner of real estate who engages a property PROMPTLY
manager to manage his property must receive a
copy of the signed property management agree-
ment.... when?
4. If a tenant's termination of tenancy occurs at the the property manager must
same time as the property manager's termina- complete a final accounting
tion of the applicable property management agree- procedure involving the ten-
ment... ant's security deposit unless
the owner directs otherwise.
5. A licensed real estate property manager may autho- I only
rize...?
I. another licensed property manager to supervise
his property activity in his absence
II. an unlicensed bookkeeper to supervise in his
absence
6. Oregon law requires that checks used to disburse pre-numbered
funds deposited into a clients's trust account be
7.
1/4
Study online at https://quizlet.com/_2pl1p3
1. When a broker or property manager signs a con- Fiduciary
tract to manage an owner's property he becomes a
2. In establishing a client's trust account, a property -control the receipts and dis-
manager must do all of the following bursements on the account
-use pre-numbered checks for
the account
-be an authorized signer on the
account
3. An owner of real estate who engages a property PROMPTLY
manager to manage his property must receive a
copy of the signed property management agree-
ment.... when?
4. If a tenant's termination of tenancy occurs at the the property manager must
same time as the property manager's termina- complete a final accounting
tion of the applicable property management agree- procedure involving the ten-
ment... ant's security deposit unless
the owner directs otherwise.
5. A licensed real estate property manager may autho- I only
rize...?
I. another licensed property manager to supervise
his property activity in his absence
II. an unlicensed bookkeeper to supervise in his
absence
6. Oregon law requires that checks used to disburse pre-numbered
funds deposited into a clients's trust account be
7.
1/4
