REAL ESTATE: PROPERTY
MANAGEMENT EXAM
QUESTIONS/ANSWERS GRADE A
WhenRaRbrokerRorRpropertyRmanagerRsignsRaRcontractRtoRmanageRanRowner'sRpropertyRheRbecome
sRaR-RCORRECTRANSWERFiduciary
InRestablishingRaRclient'sRtrustRaccount,RaRpropertyRmanagerRmustRdoRallRofRtheRfollowingR-
RCORRECTRANSWER-controlRtheRreceiptsRandRdisbursementsRonRtheRaccount
-useRpre-numberedRchecksRforRtheRaccount
-beRanRauthorizedRsignerRonRtheRaccount
AnRownerRofRrealRestateRwhoRengagesRaRpropertyRmanagerRtoRmanageRhisRpropertyRmustRreceiveR
aRcopyRofRtheRsignedRpropertyRmanagementRagreement....Rwhen?R-
RCORRECTRANSWERPROMPTLY
IfRaRtenant'sRterminationRofRtenancyRoccursRatRtheRsameRtimeRasRtheRpropertyRmanager'sRterminat
ionRofRtheRapplicableRpropertyRmanagementRagreement...R-
RCORRECTRANSWERtheRpropertyRmanagerRmustRcompleteRaRfinalRaccountingRprocedureRinvolving
RtheRtenant'sRsecurityRdepositRunlessRtheRownerRdirectsRotherwise.
ARlicensedRrealRestateRpropertyRmanagerRmayRauthorize...?
I.RanotherRlicensedRpropertyRmanagerRtoRsuperviseRhisRpropertyRactivityRinRhisRabsence
II.RanRunlicensedRbookkeeperRtoRsuperviseRinRhisRabsenceR-RCORRECTRANSWERIRonly
OregonRlawRrequiresRthatRchecksRusedRtoRdisburseRfundsRdepositedRintoRaRclients'sRtrustRaccountR
beR-RCORRECTRANSWERpre-numbered
MANAGEMENT EXAM
QUESTIONS/ANSWERS GRADE A
WhenRaRbrokerRorRpropertyRmanagerRsignsRaRcontractRtoRmanageRanRowner'sRpropertyRheRbecome
sRaR-RCORRECTRANSWERFiduciary
InRestablishingRaRclient'sRtrustRaccount,RaRpropertyRmanagerRmustRdoRallRofRtheRfollowingR-
RCORRECTRANSWER-controlRtheRreceiptsRandRdisbursementsRonRtheRaccount
-useRpre-numberedRchecksRforRtheRaccount
-beRanRauthorizedRsignerRonRtheRaccount
AnRownerRofRrealRestateRwhoRengagesRaRpropertyRmanagerRtoRmanageRhisRpropertyRmustRreceiveR
aRcopyRofRtheRsignedRpropertyRmanagementRagreement....Rwhen?R-
RCORRECTRANSWERPROMPTLY
IfRaRtenant'sRterminationRofRtenancyRoccursRatRtheRsameRtimeRasRtheRpropertyRmanager'sRterminat
ionRofRtheRapplicableRpropertyRmanagementRagreement...R-
RCORRECTRANSWERtheRpropertyRmanagerRmustRcompleteRaRfinalRaccountingRprocedureRinvolving
RtheRtenant'sRsecurityRdepositRunlessRtheRownerRdirectsRotherwise.
ARlicensedRrealRestateRpropertyRmanagerRmayRauthorize...?
I.RanotherRlicensedRpropertyRmanagerRtoRsuperviseRhisRpropertyRactivityRinRhisRabsence
II.RanRunlicensedRbookkeeperRtoRsuperviseRinRhisRabsenceR-RCORRECTRANSWERIRonly
OregonRlawRrequiresRthatRchecksRusedRtoRdisburseRfundsRdepositedRintoRaRclients'sRtrustRaccountR
beR-RCORRECTRANSWERpre-numbered