DC Property Manager Complete Exam
Study Questions with 100% Correct
Answers | Brand New Version
1. Property manager licensing requirement in DC - ANSWER A property
management license or a real estate broker's license
2. Agency regulating property managers in DC - ANSWER DC Real Estate
Commission
3. License renewal frequency for property managers in DC - ANSWER Every
two years
4. Penalties for operating without a valid property management license in DC -
ANSWER A fine and possible criminal charges
5. Reasons for termination of Management Agreement - ANSWER Sale or
transfer of the property, improper financial reporting, stealing funds,
negligence, taking kickbacks or benefiting directly from discounts from
vendors, commingling funds.
6. What is the designation of the National Association of Real Estate Brokers,
Inc (Nareb)? - ANSWER Realist
7. Alternatives to consider when making different improvements or when
redeveloping a property - ANSWER Rehabilitation without altering existing
use, Modernize the property by updating finishes, Change the use of
, building, including converting to another property type, or demolishing for
new development, or Conversion to a condo ownership structure.
8. Actions that could put management company and owner at risk include: -
ANSWER Improper handling of evictions, unlawful rent collections, failure
to return security deposit, not maintaining proper compliance with Rental
Accommodations Division (RAD).
9. Property Manager's are entrusted to look after other people's money this
includes: - ANSWER Opening Bank Accounts, promptly depositing all
receipts, and paying vendors when all services are completed.
10.Physical Inspections - ANSWER Is a method used to evaluate the property's
condition & equipment as well as being the first step to develop a plan to
address any issues.
11.When should an inspection be performed after a resident has moved out? -
ANSWER Ideally the same day.
12.Some areas to regular inspect include - ANSWER Roofs- look for
pondering water, holes, and debris; Parking Lots- look for pavement
alligator, loose graveling, potholes Front Entrance- look for trip hazards,
cracked windows; Exterior Facades- failed caulking, loose concrete, crack
windows.
13.In order to generate a list of what to be inspected on a property - ANSWER
A walk-through of the property and all of the areas related to its mechanical,
electrical, telephone, and life safety equipment needs to be conducted.
Frequency of inspections are determined annually, semi-annually, quarterly,
and monthly.
,14.Request For Proposal or RPF - ANSWER To develop a clear and thorough
specification for contracts to bid on is called
15.What is included in an RPF? - ANSWER Scope of work, how is to be
performed, frequency, special requirements, work hours, timetable to
complete, insurance requirements, deadline for submission, number of
personnel to be provided, warranty, & references.
16.Before marketing an available space or unit, - ANSWER Be sure that it is
clean and presentable and that the owner has approved all marketing plans.
17.What is a legal reason for a landlord to evict a tenant? - ANSWER Landlord
wants to occupy the rental unit.
18.All evictions except non-payment of rent must be filed with - ANSWER
Rental Accommodations Division (RAD)
19.Handling of security deposits in DC - ANSWER Held in a separate escrow
or trust account
20.Maximum security deposit a landlord can charge in DC - ANSWER One
month's rent
21.Timeframe for returning security deposits after move-out in DC - ANSWER
Within 45 days
22.Requirement when deducting from a tenant's security deposit - ANSWER
An itemized list of deductions with receipts
23.Properties subject to DC rent control laws - ANSWER Properties built
before 1975 with five or more units
, 24.Illegal reason to evict a tenant under DC law - ANSWER The landlord
wants to rent the unit to a friend
25.Notice required before increasing rent in a rent-controlled unit - ANSWER
90 days
26.Agency enforcing DC's rent control laws - ANSWER Rental Housing
Commission (RHC)
27.Protected class under DC Fair Housing Laws not in federal laws -
ANSWER Sexual orientation
28.Legality of refusing to rent to a tenant using a Housing Choice Voucher in
DC - ANSWER No, because DC prohibits discrimination based on source
of income
29.Compliance with fair housing laws by property managers - ANSWER All
of the above (Selecting tenants, Advertising a rental property, Enforcing
lease policies)
30.Responsibility for maintaining common areas in a rental property -
ANSWER The landlord or property manager
31.Heating provision dates required by landlords in DC - ANSWER October 1
- May 1
32.Tenant's action if landlord fails to make necessary repairs affecting health or
safety - ANSWER Sue the landlord and request a rent refund
Study Questions with 100% Correct
Answers | Brand New Version
1. Property manager licensing requirement in DC - ANSWER A property
management license or a real estate broker's license
2. Agency regulating property managers in DC - ANSWER DC Real Estate
Commission
3. License renewal frequency for property managers in DC - ANSWER Every
two years
4. Penalties for operating without a valid property management license in DC -
ANSWER A fine and possible criminal charges
5. Reasons for termination of Management Agreement - ANSWER Sale or
transfer of the property, improper financial reporting, stealing funds,
negligence, taking kickbacks or benefiting directly from discounts from
vendors, commingling funds.
6. What is the designation of the National Association of Real Estate Brokers,
Inc (Nareb)? - ANSWER Realist
7. Alternatives to consider when making different improvements or when
redeveloping a property - ANSWER Rehabilitation without altering existing
use, Modernize the property by updating finishes, Change the use of
, building, including converting to another property type, or demolishing for
new development, or Conversion to a condo ownership structure.
8. Actions that could put management company and owner at risk include: -
ANSWER Improper handling of evictions, unlawful rent collections, failure
to return security deposit, not maintaining proper compliance with Rental
Accommodations Division (RAD).
9. Property Manager's are entrusted to look after other people's money this
includes: - ANSWER Opening Bank Accounts, promptly depositing all
receipts, and paying vendors when all services are completed.
10.Physical Inspections - ANSWER Is a method used to evaluate the property's
condition & equipment as well as being the first step to develop a plan to
address any issues.
11.When should an inspection be performed after a resident has moved out? -
ANSWER Ideally the same day.
12.Some areas to regular inspect include - ANSWER Roofs- look for
pondering water, holes, and debris; Parking Lots- look for pavement
alligator, loose graveling, potholes Front Entrance- look for trip hazards,
cracked windows; Exterior Facades- failed caulking, loose concrete, crack
windows.
13.In order to generate a list of what to be inspected on a property - ANSWER
A walk-through of the property and all of the areas related to its mechanical,
electrical, telephone, and life safety equipment needs to be conducted.
Frequency of inspections are determined annually, semi-annually, quarterly,
and monthly.
,14.Request For Proposal or RPF - ANSWER To develop a clear and thorough
specification for contracts to bid on is called
15.What is included in an RPF? - ANSWER Scope of work, how is to be
performed, frequency, special requirements, work hours, timetable to
complete, insurance requirements, deadline for submission, number of
personnel to be provided, warranty, & references.
16.Before marketing an available space or unit, - ANSWER Be sure that it is
clean and presentable and that the owner has approved all marketing plans.
17.What is a legal reason for a landlord to evict a tenant? - ANSWER Landlord
wants to occupy the rental unit.
18.All evictions except non-payment of rent must be filed with - ANSWER
Rental Accommodations Division (RAD)
19.Handling of security deposits in DC - ANSWER Held in a separate escrow
or trust account
20.Maximum security deposit a landlord can charge in DC - ANSWER One
month's rent
21.Timeframe for returning security deposits after move-out in DC - ANSWER
Within 45 days
22.Requirement when deducting from a tenant's security deposit - ANSWER
An itemized list of deductions with receipts
23.Properties subject to DC rent control laws - ANSWER Properties built
before 1975 with five or more units
, 24.Illegal reason to evict a tenant under DC law - ANSWER The landlord
wants to rent the unit to a friend
25.Notice required before increasing rent in a rent-controlled unit - ANSWER
90 days
26.Agency enforcing DC's rent control laws - ANSWER Rental Housing
Commission (RHC)
27.Protected class under DC Fair Housing Laws not in federal laws -
ANSWER Sexual orientation
28.Legality of refusing to rent to a tenant using a Housing Choice Voucher in
DC - ANSWER No, because DC prohibits discrimination based on source
of income
29.Compliance with fair housing laws by property managers - ANSWER All
of the above (Selecting tenants, Advertising a rental property, Enforcing
lease policies)
30.Responsibility for maintaining common areas in a rental property -
ANSWER The landlord or property manager
31.Heating provision dates required by landlords in DC - ANSWER October 1
- May 1
32.Tenant's action if landlord fails to make necessary repairs affecting health or
safety - ANSWER Sue the landlord and request a rent refund
