Types of Property Management - Ch. 7
questions with answers.
Residential Property Management ANS -Single-family homes, multi-family buildings, planned unit
developments (PUDs), cooperatives, condominiums, mobiles home parks, and housing for the elderly.
Commercial/Industrial Property Management ANS -Office Buildings
Retail Properties
Industrial Properties
Trust Accounts ANS -Can contain the funds of numerous clients and properties as long as the broker
properly accounts for them.
Commingling ANS -Act of mixing a client's funds with a broker's business or personal funds
Leadership in Energy and Environmental Design (LED) ANS -
Building owners and managers association (BOMA) ANS -A professional organization made up of
property owners and managers. Part of Building Owners and Managers Institute (BOMI).
Institute of Real Estate Management (IREM) ANS -Affiliate of the National Association of REALTORS and
offers many educational programs that lead to industry-recognized designations
International Council of Shopping Centers (ICSC) ANS -Shopping center management is a highly
specialized field because of the unique requirements of retail tenants, and the need for the
management to encourage traffic in the center
Society of Industrial and Office Realtors (SIOR) ANS -Office and industrial property management is
another specialization that is in high demand in some markets. The largest trade organization
representing this part of the market is the Society of Industrial and Office REALTORS® (SIOR).
questions with answers.
Residential Property Management ANS -Single-family homes, multi-family buildings, planned unit
developments (PUDs), cooperatives, condominiums, mobiles home parks, and housing for the elderly.
Commercial/Industrial Property Management ANS -Office Buildings
Retail Properties
Industrial Properties
Trust Accounts ANS -Can contain the funds of numerous clients and properties as long as the broker
properly accounts for them.
Commingling ANS -Act of mixing a client's funds with a broker's business or personal funds
Leadership in Energy and Environmental Design (LED) ANS -
Building owners and managers association (BOMA) ANS -A professional organization made up of
property owners and managers. Part of Building Owners and Managers Institute (BOMI).
Institute of Real Estate Management (IREM) ANS -Affiliate of the National Association of REALTORS and
offers many educational programs that lead to industry-recognized designations
International Council of Shopping Centers (ICSC) ANS -Shopping center management is a highly
specialized field because of the unique requirements of retail tenants, and the need for the
management to encourage traffic in the center
Society of Industrial and Office Realtors (SIOR) ANS -Office and industrial property management is
another specialization that is in high demand in some markets. The largest trade organization
representing this part of the market is the Society of Industrial and Office REALTORS® (SIOR).
