DC Property Manager Exam 2026 Actual
Questions with Verified Answers | Latest
2026/2027 Update| 100% Correct A+ GRADE
Terms in this set (21)
Management Plan This describes in detail the subject property's current use
along with its physical condition, fiscal projections, and any
operational issues. It also includes an analysis of the market
(both regional and neighborhood), the competing properties,
as well as potential improvements or alternative uses for the
subject property.
Market Analysis This focuses on both a regional and neighborhood evaluation,
which includes the demographic conditions, geographic
features, governmental prospective, existing real estate
supply, potential future developments, and tenant/resident
demand.
Analysis of Alternatives This looks at the theoretical costs and corresponding increase
in rents by making different improvements, even the subject
property's redevelopment.
Capital Expenditures Work performed on properties that are occupied and
operational with the goal of trying to prevent the property
from declining and becoming obsolete.
Physical Obsolescence A status characterized as a condition of aging (i.e. wear
and tear) or deferred maintenance. Examples are worn
carpets, peeling paint, a leaking roof, or dead
landscaping.
Functional Obsolescence A status characterized by old or outdated designs or building
systems. Examples include equipment that is not repairable
because parts or no longer manufactured; single pane
window systems because they waste a large amount of
energy; outdated bathroom fixtures because of changing
designs and tastes.
Economic Obsolescence A status that represents a loss in value due to outside forces
(i.e. location, market conditions). An example would be an
office building, located in a small town, where the major
employer closes. This may result in both lower demand and
rental rates.
Depreciation The process by which properties begin to deteriorate as soon
as they are completed. It represents the loss in value from
the various forms of obsolescence.
Depreciated Value The amount value that a property loses per year due to
the various forms of obsolescence. Ex: $12,000,000 x 2.5%
(0.025)
= $300,000 per year
Questions with Verified Answers | Latest
2026/2027 Update| 100% Correct A+ GRADE
Terms in this set (21)
Management Plan This describes in detail the subject property's current use
along with its physical condition, fiscal projections, and any
operational issues. It also includes an analysis of the market
(both regional and neighborhood), the competing properties,
as well as potential improvements or alternative uses for the
subject property.
Market Analysis This focuses on both a regional and neighborhood evaluation,
which includes the demographic conditions, geographic
features, governmental prospective, existing real estate
supply, potential future developments, and tenant/resident
demand.
Analysis of Alternatives This looks at the theoretical costs and corresponding increase
in rents by making different improvements, even the subject
property's redevelopment.
Capital Expenditures Work performed on properties that are occupied and
operational with the goal of trying to prevent the property
from declining and becoming obsolete.
Physical Obsolescence A status characterized as a condition of aging (i.e. wear
and tear) or deferred maintenance. Examples are worn
carpets, peeling paint, a leaking roof, or dead
landscaping.
Functional Obsolescence A status characterized by old or outdated designs or building
systems. Examples include equipment that is not repairable
because parts or no longer manufactured; single pane
window systems because they waste a large amount of
energy; outdated bathroom fixtures because of changing
designs and tastes.
Economic Obsolescence A status that represents a loss in value due to outside forces
(i.e. location, market conditions). An example would be an
office building, located in a small town, where the major
employer closes. This may result in both lower demand and
rental rates.
Depreciation The process by which properties begin to deteriorate as soon
as they are completed. It represents the loss in value from
the various forms of obsolescence.
Depreciated Value The amount value that a property loses per year due to
the various forms of obsolescence. Ex: $12,000,000 x 2.5%
(0.025)
= $300,000 per year
