Property Management part 2 UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Concierge Services - CORRECT ANSWER - traditionally defined as a doorkeeper or
lobby attendant. often routinely placed in office buildings, condominium developments,
shopping centers, and apartment complexes.
Asset Management Services - CORRECT ANSWER - refers to financial management of a
sizable number of investment properties.
Asset Managers - CORRECT ANSWER - deal with numerous large properties, monitor
financial performance, study local markets, and compare individual properties against a norm as
well as with other like properties in the portfolio.
Corporate Property Managers - CORRECT ANSWER - create facilities and manage
properties for corporations that invest in real estate. These property managers are usually
employees of the corporation, not independent contractors or consultants.
Leasing Agents - CORRECT ANSWER - move from property to property, on a month-to-
month basis, leasing new or repositioned properties and are generally paid by commission.
electric elevator in 1889 - CORRECT ANSWER - structural advantages of the steel frame
building, coupled with the perfection of these, , made it possible to build tall buildings on
relatively small parcels of scarce urban land
Great Depression of the 1930s - CORRECT ANSWER - had a profound influence on the
evolving property management profession
Building Owners and Managers Institute (BOMI) - CORRECT ANSWER - was
established in 1970 to provide educational programs for property owners and managers of
commercial properties.
ACTUAL Exam Questions and CORRECT
Answers
Concierge Services - CORRECT ANSWER - traditionally defined as a doorkeeper or
lobby attendant. often routinely placed in office buildings, condominium developments,
shopping centers, and apartment complexes.
Asset Management Services - CORRECT ANSWER - refers to financial management of a
sizable number of investment properties.
Asset Managers - CORRECT ANSWER - deal with numerous large properties, monitor
financial performance, study local markets, and compare individual properties against a norm as
well as with other like properties in the portfolio.
Corporate Property Managers - CORRECT ANSWER - create facilities and manage
properties for corporations that invest in real estate. These property managers are usually
employees of the corporation, not independent contractors or consultants.
Leasing Agents - CORRECT ANSWER - move from property to property, on a month-to-
month basis, leasing new or repositioned properties and are generally paid by commission.
electric elevator in 1889 - CORRECT ANSWER - structural advantages of the steel frame
building, coupled with the perfection of these, , made it possible to build tall buildings on
relatively small parcels of scarce urban land
Great Depression of the 1930s - CORRECT ANSWER - had a profound influence on the
evolving property management profession
Building Owners and Managers Institute (BOMI) - CORRECT ANSWER - was
established in 1970 to provide educational programs for property owners and managers of
commercial properties.
