Property Management Exam With Verified Answers| 100% Correct| Grade A+

The demand for professional property management that occurred in the late 1800's resulted primarily from - Reshaping the urban center by building tall buildings with elevators The traditional concentration of retail property in downtown areas became decentralized as a result of - Evolution of the suburban shopping center The growth of shopping centers has been stimulated by - Population shifts to the suburbs All of the following should be goals of the professional property manager EXCEPT - Maintain 100% occupancy Which professional organization has the longest history? - Building Owners and Managers Association International (BOMA) Incubator spaces are MOST likely to be found in: - Research parks What is an example of special-purpose property? - Nursing home Which type of real estate property utilizes more professional property managers? - Residential The professional property manager formulates plans to - Achieve the objectives of the owner, Generate income to the owner, and increase the value of the property The construction of multifamily unit ownership housing has been stimulated by - Rising land and construction costs