DC Property Managers Study Guide Latest recent &
frequently tested exam with questions and verified accurate
solutions (detailed & elaborated) GRADED A+
, Management Plan - correct ans:Assists the owner in meeting their goals while maximizing the property's
value and return. The plan describes in detail the subject property's current use along with it's physical
condition, fiscal projections, and operational issues (includes an analysis of the market regional &
neighborhood).
Organizational and educational programs available to assist in enhancing the property manager's
knowledge, identifying resources to resolve issues, and expanding their business network. - correct
ans:Institute of Real Estate Management (IREM), National Association of Realtors (NAR), Greater Capital
Area Association of Realtors (GCARR), building Owners & Managers Association (BOMA), National
Association of Real Estate Brokers, International Council of Shopping Centers (ICSC), and National
Property Management Association.
Market Analysis - correct ans:Focuses on regional and neighborhood evaluations. Includes demographic
conditions, geographic features, governmental prospective, existing real estate supply, future
developments, and tenant/resident demand
Market Analysis & Competitive Property Analysis helps to..... - correct ans:Identify the subject property's
strengths and weaknesses
The Highest & Best Use - correct ans:When the property manager considers alternatives to improve the
property's weaknesses or further enhance its strengths to improve overall economic performance.
Analysis of Alternative - correct ans:Looks at the theoretical costs and corresponding increase in rents by
making different improvements, even property's redevelopment.
When determining the best use of property, alternatives to consider are......... - correct ans:Rehabilitate
without altering its existing use, Modernize by updating finishes (more efficient equipment), Change the
Use of building (including conversion), or Conversion to a condominium m ownership structure.
Capital Expenditures - correct ans:Projects that help extend the property's life.
Physical Obsolescene - correct ans:is characterized as a condition of aging (i.e. wear & tear) or deferred
maintenance. Examples are worn carpet, peeling paint, a leaking roof, or dead landscaping
frequently tested exam with questions and verified accurate
solutions (detailed & elaborated) GRADED A+
, Management Plan - correct ans:Assists the owner in meeting their goals while maximizing the property's
value and return. The plan describes in detail the subject property's current use along with it's physical
condition, fiscal projections, and operational issues (includes an analysis of the market regional &
neighborhood).
Organizational and educational programs available to assist in enhancing the property manager's
knowledge, identifying resources to resolve issues, and expanding their business network. - correct
ans:Institute of Real Estate Management (IREM), National Association of Realtors (NAR), Greater Capital
Area Association of Realtors (GCARR), building Owners & Managers Association (BOMA), National
Association of Real Estate Brokers, International Council of Shopping Centers (ICSC), and National
Property Management Association.
Market Analysis - correct ans:Focuses on regional and neighborhood evaluations. Includes demographic
conditions, geographic features, governmental prospective, existing real estate supply, future
developments, and tenant/resident demand
Market Analysis & Competitive Property Analysis helps to..... - correct ans:Identify the subject property's
strengths and weaknesses
The Highest & Best Use - correct ans:When the property manager considers alternatives to improve the
property's weaknesses or further enhance its strengths to improve overall economic performance.
Analysis of Alternative - correct ans:Looks at the theoretical costs and corresponding increase in rents by
making different improvements, even property's redevelopment.
When determining the best use of property, alternatives to consider are......... - correct ans:Rehabilitate
without altering its existing use, Modernize by updating finishes (more efficient equipment), Change the
Use of building (including conversion), or Conversion to a condominium m ownership structure.
Capital Expenditures - correct ans:Projects that help extend the property's life.
Physical Obsolescene - correct ans:is characterized as a condition of aging (i.e. wear & tear) or deferred
maintenance. Examples are worn carpet, peeling paint, a leaking roof, or dead landscaping
