Property Management - Unit 1 UPDATED
ACTUAL Exam Questions and CORRECT
Answers
The primary function of the property manager is to - CORRECT ANSWER - Generate
greatest income for owner
One of the factors that has contributed to the development of property management is the -
CORRECT ANSWER - Invention of steel frame buildings and elevators
The oldest residential property management certification program in the United States and which
is HUD-approved is - CORRECT ANSWER - Registered Apartment Manager (RAM)
A property manager need not be concerned with the owner's long-term goals - CORRECT
ANSWER - False
High-tech companies often locate near universities in incubator spaces - CORRECT
ANSWER - True
Old multistory manufacturing buildings that are converted into office, residential, and storage
space are referred to as loft buildings - CORRECT ANSWER - True
Property managers do not need to be involved in community activities - CORRECT
ANSWER - False
Slumlords are owners who pour money back into older properties - CORRECT
ANSWER - False
The oldest professional organization of property managers is the Building Owners and Managers
Association - CORRECT ANSWER - True
ACTUAL Exam Questions and CORRECT
Answers
The primary function of the property manager is to - CORRECT ANSWER - Generate
greatest income for owner
One of the factors that has contributed to the development of property management is the -
CORRECT ANSWER - Invention of steel frame buildings and elevators
The oldest residential property management certification program in the United States and which
is HUD-approved is - CORRECT ANSWER - Registered Apartment Manager (RAM)
A property manager need not be concerned with the owner's long-term goals - CORRECT
ANSWER - False
High-tech companies often locate near universities in incubator spaces - CORRECT
ANSWER - True
Old multistory manufacturing buildings that are converted into office, residential, and storage
space are referred to as loft buildings - CORRECT ANSWER - True
Property managers do not need to be involved in community activities - CORRECT
ANSWER - False
Slumlords are owners who pour money back into older properties - CORRECT
ANSWER - False
The oldest professional organization of property managers is the Building Owners and Managers
Association - CORRECT ANSWER - True
